Florida’s New Corridors
Initiative
Florida Transportation Commission
Presentation to TEAMFL
October 6, 2006
Commissioner Marcos Marchena
The Goals
• Institutionalize corridor development
process
• Identify innovative financing options
• Initiate feasibility studies by the end of 2006
• Identify a network of new statewide
corridors that
– Will serve Florida over the next 50 years
– Are planned, financed and managed in
collaboration with the public and private sectors
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Proposed Guiding Principles
• Florida’s future Statewide Corridors
should:
– Provide safe, efficient, reliable mobility
– Provide high-speed, high-capacity
connections
– Balance mobility and economic
competitiveness with community livability
and environmental stewardship
– Innovative financing techniques and
private/public partnerships
3
Proposed Criteria
• Connectivity
• Economic Competitiveness
• Community Livability and
Environmental Stewardship
• Financial Feasibility
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Charrette on Florida’s Future
New Corridors
• August 14-15 in Tampa
– Targeted private sector concessionaires,
developers, financiers of transportation
infrastructure
– Input on new project delivery methods
to offset funding shortfalls and advance
delivery process
– Over 150 attendees
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Charrette Findings
• Better Defined roles of public and
private sectors
– Corridor identification and prioritization
responsibility of public
– Once identified, corridors should be
developed using structured bidding
process
– Substantial interest in building and
financing new corridors
6
Building Institutional
Expertise
• Develop an experienced internal PPP
structure
– Work with Districts for consistency
– FDOT PPP team should also assist
authorities
– Well compensated to prevent migration
to private sector
7
Alternative Procurement
Routes
• Unsolicited proposals not heavily
supported
– Too much room for manipulation
– Very expensive and complicated
– Lack of competitive advantage due to open
government rule
• Pre-development agreements
• Preference for structured, transparent
procurement process
8
What Needs to be in Place?
• PD&E should be completed by
public sector before proceeding
• Minimal Design (up to 15%) with
maximum flexibility
• ROW needs to be demonstrably
achievable
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Stipends and Short-listing
• Greenfield project should include a
stipend
– 20-40% of proposal cost
– Shows good faith effort on part of
government
• Short-listing proposers
recommended
– Short list of 3 to 4 bidders
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Contract Duration
• For Greenfield projects, minimum term
driven by:
– Maximization of leverage (30 to 40 years)
– Life-cycle cost
– Selected Revenue Structure
– Tax Benefit
• For Brownfield projects:
– Term depends on need for cash
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Identifying New Corridors
• Key Criteria
– Existing congestion/economic
development
– Public support
– Environmental impacts
– Financial feasibility
– Strong public/partner champions
– Consistency with regional visions
– Availability of ROW
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Charrette Conclusions
• Prioritize most feasible projects
• Private sector can provide Florida
with a new source of financing
• Too soon for industry to commit
• As planning advances, industry
looking forward to participating
13
Initial Screening of Potential
Corridors
• Estimate demand for moving people and
freight
• Develop screening criteria
– Assess economic impacts; emphasize
economically distressed areas
– Assess right of way opportunities
– Coordinate with visions and growth strategies
• Determine potential alignments
• Identify implementation models
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Next Steps
• Coordinated communications strategy
• Statewide coordination with key groups
– Growth management and environmental
partners
– Economic development and business
partners
– Modal partners
– Regional and local government partners
– Financial community
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Next Steps
• Public and partner involvement
• Initial technical and financial
screening
• Corridor feasibility studies
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Questions and Discussion
www.ftc.state.fl.us
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