We are now one step closer to finding out who will build the much-anticipated Mobile River Bridge.

Tuesday, the Alabama Toll Road, Bridge and Tunnel Authority approved the Alabama Department of Transportation - or ALDOT's - recommendation of three teams to provide detailed proposals to build the bridge.

The project will be built under the toll road authority.

FOX10 News was on hand for the meeting in Montgomery Tuesday morning. Governor Kay Ivey was among the members of the authority who unanimously voted to accept the list of three project teams who will submit proposals to design, build, and finance the project.

Governor Ivey said, "It's a huge project and, so, we've got to be very careful, very cautious, but we want to get it done right and as fast as we can but, getting it right is what's important"

The selected team will not only build the bridge but also take over maintenance of the project and is expected to enter into a 55 year contract.

State Senator Trip Pittman is a member of the authority and believes financing answers are crucial.

Pittman said, "Ultimately, you know what funding, if any, can be put together from the state. If there is any matching money, you know, from the federal level to go with it and, then, what monies can be raised through a toll process in order to make the financing work. That's what we're going to find out through the proposals, is exactly how much money are we talking about and what will we have to do in order to make this financially viable."

Preparations for test pilings were going on Tuesday at the site of the Southern Fish and Oyster Company near the cruise terminal.

Don Jordan with Jordan Pile Driving of Mobile is a member of one of the three teams, the Mobile River Bridge Group.

Jordan said, "The team that we're a part of has worked long and hard on securing a lot of local people. We've had several different groups that are construction companies in Mobile that are part of our team and we'll have a lot of people locally employed."

ALDOT will tell the three teams on February 20 what it expects in their proposals.

The proposals are due in the fall and the selected team is expected to be chosen by the end of the year.

Construction on the project is expected to start in 2019 and be finished in 2024.

I-10 Mobility Partners

Equity Members: Cintra and Meridiam

Lead Engineering Firm: Parsons

Lead Contractor: Ferrovial Argoman and Parsons

Lead Operations and Maintenance: Cintra and Meridiam

Gulf Coast Connectors

Equity Members: ACS, Macquarie, Hochtief, and John Laing

Lead Engineering Firm: T.Y. LIN International

Lead Contractor: Dragados, Lane Construction, and Flatiron

Lead Operations and Maintenance: Gulf Coast Connectors

Mobile River Bridge Group

Equity Members: InfraRed Capital Partners, Shikun & Binui, Astaldi, and

Southland Holdings

Lead Engineering Firm: Figg Bridge Engineers

Lead Contractor: A Joint Venture of Astaldi, Johnson Bros, and Shikun & Binui

Lead Operations and Maintenance: InfraRed Capital Partners (InfraRed Infrastructure V), Astaldi, and Southland Holdings

The project will be completed with the use of a Public-Private Partnership (P3), which is a way to use public and private funds to accelerate the delivery of the project. P3 financing allows ALDOT to utilize private sector technical, management and additional financial resources to help achieve the project’s objectives.

The selected team will not only build the bridge but also take over the maintenance of the project. Therefore, the team will be expected to enter into a 55-year contract. The funding of this project will include revenues generated from all electronic tolling, a public subsidy and equity from the concessionaire.

The three teams – deemed qualified after a thorough technical and financial capability review that included past project experience – will submit proposals for the design, build, finance, operations and maintenance of the Mobile River Bridge and Bayway. Proposals will be due this fall, with the selected team expected to be chosen by the end of the year.

The project will be built under the Alabama Toll Road, Bridge and Tunnel Authority.

All content © 2018, WALA; Mobile, AL. (A Meredith Corporation Station). All Rights Reserved.

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