1. Public-Private Partnership (P3) Delivery Approach
Presentation Overview
Eagle Project Overview
Key Participants & Organizational Structure
Project Status, Approvals and Schedule
Questions?
Public-Private Partnership (P3) Delivery Approach
QBS Colorado Forum
October 4, 2011

2. Agenda Damian Carey – RTD – Design/Integration Manager
Overview of RTD Public Private Partnership (P3)
Overview of the Eagle P3 Project
Concessionaire Solicitation Process
Michael Lipinski – DTP – Design/Build Project Manager
Eagle P3 Project Status
Procurement Process

3. Damian Carey Regional Transportation District Design/Integration Manager

4. The RTD FasTracks Plan 122 miles of new commuter rail and light rail
18 miles of Bus Rapid Transit (BRT) service
31 new park-n-Rides; 21,000 new spaces
Enhanced Bus Network & Transit Hubs (FastConnects)
Redevelopment of Denver Union Station

5. Public Private Partnership (P3)
What Is A Public Private Partnership (P3)?
A contract wherein a single private entity, typically a consortium of private companies, is responsible and financially liable for performing all or a significant number of functions in connection with a project

6. Public Private Partnership (Cont’d)
What Are the Advantages of a Public Private Partnership (Eagle P3)?
Accelerated project deliver (firm fixed date with penalties for delay)
Risk transferred to private sector, away from taxpayers
Cost ($2 billion, Lump Sum, Fixed); allow Regional Transportation District (RTD) to spread out large upfront costs over approximately 30 years
In return, RTD will make service (availability) payments to Denver Transit Partners (DTP) over the life of the project

7. Public Private Partnership (Cont’d)
First full transit P3 in the United States
Project is part of FTA’s Public-Private-Partnership-Pilot Program (Penta P)
DBFOM – design-build-finance-operate-maintain
34-year term (5 years design/build; 29 years O&M)
Availability payment model
Includes incentives and penalties
RTD retains ownership of assets
Performance requirements
Appropriate risk sharing

8. Eagle P3 Project Overview
East Rail Line offers 35-minute travel time to DIA
Gold Line offers 25-minute travel time to Ward Road
First segment of Northwest Rail: Station at 71st/Lowell (4 miles shared with Gold Line) offers 11-minute travel time to Westminster
Commuter Rail Maintenance Facility
Project Capital Budget - $2.1 Billion

9. East Rail Line 22.8 miles commuter rail – Electric Multiple Units
Connects downtown Denver to DIA
Complete in 2016

10. Gold Line 11.2 miles commuter rail – Electrical Multiple Units
Connects downtown Denver, Arvada and Wheat Ridge
Complete in 2016

11. Northwest Rail Line – First Segment
5.8 miles Commuter Rail – Electric Multiple Units
Connects downtown Denver with South Westminster
Complete in 2016

12. Commuter Rail Maintenance Facility
Located on 30 acres at 48th and Fox Streets on the Gold Line and Northwest Rail
Connected to other rail lines via Denver Union Station
Complete in 2014

13. Procurement Team Combination of RTD staff, consultants and advisors
High level of support and active involvement from the RTD Board and General Manager
Team included:
Jacobs Engineering: Overall management services and P3 expertise
Goldman Sachs/JP Morgan: Financial advisors
Freshfields: Legal advisors

14. Procurement Process Approximately three years from concept to contract
Major steps include RFQ, draft RFP, final RFP (issued in September 2009 with subsequent addendums)
Extensive industry review
Numerous briefings with Board of Directors
Best value selection (price and technical factors)
Stipends ($2.5 million)
Compensation Agreement ($20 million)

15. Other Key Procurement Aspects
Each team proposed Alternative Technical Concepts (ATCs)
RTD reviewed and approved or rejected ATCs
ATCs were unique to each team and were kept confidential
Importance of confidentiality

16. Eagle P3 Financial Aspects
Project Capital Budget: $2.1 Billion
Private Debt and Equity: $455 million
RTD Financial Pledge (i.e. TABOR commitment)
Full Funding Grant Agreement from FTA: $1.03 billion
Project Divided into Two Phases
Phase I: Design, East Corridor, Maintenance Facility, Vehicles
Phase II: Gold Line, Northwest Rail Segment
Phase II was awarded upon receipt of FFGA

17. Eagle P3 Project Proposals
Two excellent submitted proposals
Denver Transit Partners
Fluor/ Macquarie Capital (Fluor/ Ames/ Balfour Beatty/ HDR)
Mountain-Air Transit Partners
HSBC/ Siemens/ Veolia (Kiewit/ Herzog/ Stacy & Witbeck/ HNTB)
Final Proposals received – May 14, 2010
RTD Board selection – June 15, 2010

18. Technical Evaluation Technical Proposal Criteria (40 points)
Technical Approach
Quality of solution; efficiency of O&M; safety; integration; sustainability
Quality of Team and Approach
Commitment to safety; quality assurance; ability to meet schedule and budget; proposed revenue commencement; experience and key personnel
DBE/SBE Approach
Value Added Proposals
TECHNICAL APPROACH POINTS
QUALITY OF TEAM AND APPROACH POINTS
DBE/SBE APPROACH 3 POINTS
VALUE ADDED PROPOSALS 3 POINTS

19. Financial Evaluation Financial Criteria (60 points) Financial Proposal
Net present value of service payments made by RTD for the entire project (Phase 1 and 2) over the term of the agreement
Phase 1 Base Annual Service Payment
Net present value of the service payments for Phase 1 only
Quality of Financial Proposal
Robustness, commitment and executability of proposal
Priced Options
Additional rolling stock
Drainage improvements
Grade separation project
DIA bridge
FINANCIAL PROPOSAL POINTS
PHASE 1 ONLY POINTS
QUALITY OF FINANCIAL PROPOSAL POINTS
OPTIONS POINTS

20. Evaluation Organization
A total of approximately 120 people participated in review and evaluation of the proposals
Evaluation Committee
Technical Subcommittee
Technical Approach Working Group
Quality of Team and Approach Working Group
DBE/SBE Approach Working Group
Value-Added Working Group
Stakeholders Group
Financial Subcommittee
Financial Working Group
Options Working Group
Responsiveness Subcommittee
ATC Subcommittee

21. Keys to Evaluation Process
Subject matter experts reviewed the relevant sections of each proposal
The results of the evaluations flowed through the structure to the Technical Subcommittee
The Evaluation Committee received reports from:
Responsiveness Subcommittee
ATC Subcommittee
Technical Subcommittee
Stakeholders Group
Financial Subcommittee
The technical evaluation was completed prior to receipt of the financial proposals

22. Lessons Learned Report
The report was provided to:
Secretary of Transportation LaHood
FTA Administrator Rogoff
Governor Hickenlooper
RTD Board
APTA
Copies are available on the RTD website 22

23. Michael Lipinski Denver Transit Partners
Design/Build Project Manager

24. Denver Transit Partners Team
RTD
Concessionaire
Denver Transit Partners, LLC
Fluor/Uberior(Lloyds)/John Laing
Design/Build Contractor
(Fluor / BBRI)
Operations & Maintenance Contractor
(Fluor / BBRI / ACI)
Design/Build Subcontractor (Fluor/Ames/BBRI)
Rolling Stock Supplier Hyundai-Rotem USA

25. Eagle P3 Project Schedule

26. Eagle P3 Project to Date
Financial Close – Phase 1; Phase 1 Notice to Proceed
RTD East Rail Line Groundbreaking
Phase 2 Notice to Proceed –
RTD Gold Line
Groundbreaking
Contract Award
Began Pursuit
Mid-2008
June 15, 2010
August 2010
August 2011

27. East Rail Line Update Current Progress
60% Systems design (traction power & catenary)
UPRR Design in final approval process
65 – 100% on Civil Design
Real property – most properties appraised
Major construction to begin Fall 2011
Long haul fiber relocation by early November

28. DTP’s Best Value Criteria Approach
Denver Transit Partners is committed to having a fair and transparent process in the distribution and awarding of contracts for the designing, building, operating and maintaining of our project: the East Rail Line, Gold Line, an initial segment of the Northwest Rail Line and the Commuter Rail Maintenance Facility.

29. DTP’s Best Value Criteria Approach
DTP evaluates and awards contracts based upon Best Value Criteria, using the following for help in assessing bids:
Capacity/Work Experience
Safety Record
Price
Schedule Commitment
DBE/SBE Utilization
Bonding Capacity
Insurability
Commitment to RTD’s Workforce Initiative Now (WIN) Program

30. Doing Business With DTP

31. Doing Business With DTP
Step 1
Step One: Go to
Under the Contracting Section, click on “Doing Business with DTP”
Then, download the “Contractor-Vendor Notice of Interest Form”
Step 2
Fill out the form completely and return to
Or mail the form to 1670 Broadway, Suite 2700, Denver, CO 80202
Step 3
You will be sent a pre-qualification package
Fill out the package as completely as possible and return with a copy of your DBE and/or RTD SBE certification
If you are not registered in iSqFt, you will also receive an invitation through iSqFt to get registered
Step 4
You will receive bid opportunities based on your work codes through iSqFt

32. iSqFt Program Denver Transit Partners selects iSqFT Program
iSqFT comprehensively and efficiently distributes packages to qualified bidders
iSqFT will assist with distribution of all bid opportunities
Program allows for same time release of general information

33. iSqFt Program
Through iSqFT, qualified contractors and vendors can quickly access bid packages, specifications, drawings and documents
Program allows administrator to track the following:
Who’s viewed the document
Who’s downloaded the document
Who’s responded to the document
Registration is easy and user friendly

34. Thank You! For more information: www.rtd-fastracks.com/ep3_2

35. Questions?