1. Introduction to P3 Bootcamp
Michael Bonini, PennDOT
Dale Bonner, Plenary Group

2. Rapid Bridge Replacement Program
P3 Connect 2015
Rapid Bridge Replacement Program

3. RBRP - Project Overview
PA has over 31,000 State and Local Bridges
Average age is in excess of 50 years
PA leads the nation in % of Structurally Deficient (SD) bridges
Improvement is key priority for safety and system wide mobility
1,600+ SD bridges have already been replaced
4,350+ SD bridges are still remaining
P3 legislation passed in 2012 to accelerate investment and enhance project delivery options
Act 89 passed in 2013 provides $2.3 billion per year of additional capital for investment in all modes of transportation

4. RBRP - Project Overview
Rapid Bridge Replacement Program (RBRP) is the first P3 project for the Commonwealth of PA
Project was approved by the Commonwealth’s Public Private Transportation Partnership Board in September 2013
Project includes the design, demolition, construction, financing and routine maintenance/ lifecycle maintenance for 558 structurally deficient bridges across Pennsylvania (geographically dispersed)

5. Why P3? Accelerate replacement of SD bridges
Maximize efficiencies / economies of scale to deliver more projects
Minimize impact to traveling public
Improve connectivity and mobility for commerce
Establish P3 as a viable way to get projects done

6. RBR Program Snapshot www.P3forPA.com Authority
Pennsylvania Department of Transportation
Consortium
Plenary Walsh Keystone Partners
Financial Close
March 2015
Substantial Completion
December 2017
Status
Construction
Total Capital Cost
US$1.1 billion
Design-Builder
A joint venture of Walsh Construction Company and Granite Construction Company
O&M Provider
Walsh Infrastructure Mgmt.
Equity Provider
Plenary Group (80%), Walsh Group (20%)

7. P3 Arrangement Transaction Highlights: 1 DBFM Contract
558 bridges will be replaced within 3 years
PennDOT maintains ownership, but the Development Entity is responsible for maintaining each bridge for 25 years after replacement
28 Year Contract (w/ 25 year maintenance term per bridge)

8. RBRP Timeline
2013 September P3 Board Approves Project 2014 February 5 Statements of Qualifications (SOQ) Received March Announcement of 4 Short-listed Teams June Approval of $1.2B US DOT PAB’s Allocation August Final Request for Proposals (RFP) Issued September Proposals Received October Announcement of Preferred Bidder 2015 January Commercial Close Achieved March Financial Close Achieved June Construction Begins

9. Project Costs www.P3forPA.com Cost Element Total Cost Design Costs
$80,000,000
Preliminary Engineering Costs
$33,700,000
Construction Engineering & Inspection Costs
$12,000,000
Right of Way Costs
$6,300,000
Utilities Costs
$300,000
Approach Costs
$205,000,000
Bridge Costs
$561,700,000
Design & Construction Costs
$899,000,000
Other Costs During Construction
Oversight / Development Costs
$67,219,740
Maintenance / Lifecycle Costs During Construction
$3,205,819
Financing Costs During Construction
$144,824,476
Total Project Costs
$1,114,250,035

10. Contact Information
Public-Private Transportation Partnership (P3) Office Michael Bonini, Director (717)

11. Key Ingredients of Successful P3s
Champion the project and process
Sustain political support through broad stakeholder outreach and education
Highly Motivated Government Sponsor
Clearly defined public and private roles and responsibilities
Broadly available through a process that balances transparency and efficiency
Appropriate Project Agreement
Reflecting broad consensus on need and objectives
Clearly Defined, High Priority Project
Successful P3
Certainty of completion driven by broad public and political awareness and support
Project Predictability
Advance preparation including key public and private stakeholders
Clear decision-making roles and timetables, communicated to key stakeholders
Transparent scoring and selection of winning team
Clearly Defined, Fair Process
Policymakers’ commit predictable revenues
Public understands value received in return for user fees or availability payments
Economically Viable