Post on 09-Feb-2018
PROJECTOVERVIEW
CHESAPEAKE BAY BRIDGETUNNEL PARALLEL THIMBLE SHOAL TUNNEL
Preparedfor:VirginiaTransportation
ConferenceOct.29,2015
HistoryofCBBT
1956 - CBBT Commission enabled to build the fixed crossing.
1960 - Revenue Bonds were issued to fund construction
1960 - Construction commenced in September
1964 April 15, construction complete and opened to traffic
1990 General Assembly enabled the District to build the
Parallel Crossing in 3 Phases
1995 - Phase I (Parallel Bridges) construction began in July
1999 - Phase I was fully completed approximately 10 % under
budget
ProjectOverview(Phase2)ParallelThimbleTunnel
No Right of WayAcquisitionNo Large-Scale 3rd PartyUtility Relocation
ExistingCrossover
#2Island
ExistingThimbleShoalChannelTunnel(NBTraffic)
#1Island
FishingPier
ProposedThimbleShoalChannelTunnel(SBTraffic)
ApproximateEdgeofExistingIsland
ProjectElements:ProposedIsland
BondCounsel
NixonPeabody
Underwriter
BankofAmerica/Merrill
Lynch
ConstructionManager
HNTB
DesignBuilder
TobeawardedMay2016
CBBTCommission
CBBTCommissionProjectDevelopmentCommittee
FredStant,TommyMeehan,JohnMalbon,WayneColeman,GeorgeClarke
CBBTDistrictStaff
StrategicAdvisor
Moffatt&NicholPennoni&Assoc.Arcadis
Ernst&Young
MunicipalAdvisor
PublicFinancial
Management
Traffic&RevenueAdvisor
SteerDaviesGleave
JeffHolland,TomAnderson,BobJohnson,MikeCrist,KevinAbt
ProjectCounsel
Nossaman
CommissionCounsel
Willcox&Savage
DesignManagerJacobsHNTBCOWISolstice
Environmental,LLC
ProjectAdvisory
OTP3
CBBTParallelThimbleShoalTunnelProjectTeam
ProjectDevelopment ProjectFinancing
WHY IS THIS PROJECT SO IMPORTANT? Route 13 Corridor is a Corridor of Statewide Significance Lack of viable alternative route Lane closures for oversized escort loads Lane closures for ordinary maintenance work Age of existing tunnels Improvement in levels of service and safety
IMPORTANT BUSINESS POINTS TO CONSIDER 20-25% of VB tourists utilize the Coastal Corridor
o VB exit surveys
CBBT is a political subdivision of the Commonwealth CBBT operates as a business, direct and fair
EXECUTIVE BRANCH AND LEGISLATIVE SUPPORT AND APPROVAL FOR THE PROJECT
CommonwealthofVirginiaApproval
Project is enthusiastically supported by: Governor of the Commonwealth Administration Secretary of Transportation Both Houses of the General Assembly
ProcurementMethodology
Two-Step Design-Build Procuremento Request for Qualifications (RFQ)/Request for Proposals (RFP)o Shortlisted 4 teamso Technically Acceptable Low Price o Stipend to be provided to unsuccessful shortlisted teams who submit
compliant proposalso Design-Build Teams selected construction method when submitting
Statement of Qualifications Bored vs. ITT
CBBTThimbleShoalTunnelProjectDevelopmentTimeline
May 2013 Commission Accelerated Phase IIA via Design Build Delivery Model; saves 18 months in overall Project Schedule and $$ in Project Costs and Cumulative Debt Service over the life of the bonds.
Aug. 2013 Commission Adopted Revised Toll Rate Schedule
Nov. 2013 Unsolicited Proposal from PC2 Received Mapping of Project Site Awarded to JacobsGeotechnical Analysis of Project Site Awarded to Jacobs
Jan. 2014 Revised Toll Rate Schedule ImplementedStrategic Advisor Award: Moffatt & Nichol
Mar. 2014 NEPA EA Process Commenced
Apr. 2014 PC2 Unsolicited Proposal Rejected
May 2014 Municipal Advisor Award: Public Financial Management
Aug. 2014 Design Manager Award: Jacobs
Nov. 2014 Geotechnical Borings and Geotechnical Data Report Completed
CBBTThimbleShoalTunnelProjectDevelopmentTimeline(continued)
Dec. 2014 Draft Investment Grade Traffic & Revenue Study Completed
Dec. 2014 Draft Environmental Assessment Signed by FHWA
Dec. 2014 Updated LOI submitted to TIFIA Joint Program Office
Jan. 2015 Project Counsel Award : Nossaman LLP
Jan. 2015 Geotechnical Borings for Bored Solution and Offshore Disposal Commence
March 2015 Geotechnical Borings for Bored Solution Complete
March 2015 Bond Counsel Award: Nixon Peabody LLP
May 2015 Issue Request for Qualifications for Parallel Thimble Shoal Tunnel
May 2015 Host Non-Mandatory Design-Build Conference
May 2015 Lead Investment Banker Award: Bank of America Merrill Lynch
CBBTThimbleShoalTunnelProjectDevelopmentTimeline(continued)
July 2015 Receive Statements of Qualifications
July 2015 Issue Request for Qualifications for Construction Manager
July 31, 2015 FONSI approval received
August 2015 Shortlisted Four Design Build Teams: Archer Western-Vinci Construction TunnelBuilders Bouygues TP/Traylor/Manson Dragados Team: Dragados USA and Schiavone Construction Company, LLC SKW Tunnel Builders: Skanska USA Civil SouthEast, Inc.; Kiewit Infrastructure Co.; and
Weeks Marine, Inc.
August 2015 Issued Draft Request for Proposals
Sept. 2015 Construction Manager Award: HNTB
Oct. 2015 Completed 2nd round of RFP Iterative Meetings with Shortlisted DBs
ProcurementSchedule
Activity Schedule
FinalRFP February,2016
TechnicalProposalsdue March,2016
Technicalproposalevaluationcomplete April,2016
Pricing/Finaltechnicalproposalsdue April,2016
Noticeofintenttoaward May,2016
FinancialClose September,2016
NationalEnvironmentalPolicyAct(NEPA)
Environmental Assessment (EA) FHWA was the lead federal agency Multiple agencies involved Purpose was to identify potentially significant impacts Draft EA completed December 2014 Finding of No Significant Impact (FONSI) approval received
July 31, 2015
NationalEnvironmentalPolicyAct(NEPA)
Permitting
Contractor will obtain permits and clearances District is a partner with contractors to obtain the
permits and clearances Work to facilitate permitting was initiated during
NEPA process Navigation/Maritime coordination Identification of possible permit conditions Dredge material disposal
Information is being made through Draft RFP DB process
DredgedMaterialDisposal
Dredged Material from the Lower Chesapeake Bay is not authorized for placement at the Craney Island Dredged Material Management Area (CIDMMA)
District has worked with Corps and EPA over the last 15 months to establish concurrence to place dredged material in the Norfolk Ocean Disposal Site (NODS)
Corps posted Section 103 Public Notice on 10/25/15
22NM
OceanDisposalArea
OffshoreDisposal
CIDMMA AtlanticOceanChannel
ProjectSite
Mapping
Conducted a 3D Laser Survey o From Lando From Watero Underground Utility Location
Surveyed o Trestleso Islandso Tunnel
Created a 3D CADD Model of the Project Area Incorporating Bathometry from Geotechnical
Investigation into CADD Model
Existing
ThimbleShoalChannelTunnelDesign
FullTransverse
CrossSection/ITTConstructionMethod
CrossSection/TunnelBoringMachine
With its rotating cutting wheel, the tunneling machine breaks the materialfrom the tunnel face. The material is then transferred to the belt conveyorsystem in the rear of the shield via a screw conveyor, while the hydrauliccylinders press forward continuously.
Cuttingwheel
BeltConveyor
ScrewConveyor
Excavationchamber
Excavation Techniques EPB Machine
TunnelBoringMachine
PermissibleLaydownArea/LittleCreek
FinancingTasks CompletedorUnderway
Municipal Advisor selection Traffic & Revenue consultant selection TIFIA Letter of Interest submission and Update VTIB Application submission Investment Grade Traffic & Revenue Study
Stated Preference Survey Existing Conditions Analysis Regional Land Use and Socio-economic Analysis Econometric and Network Modeling Traffic & Revenue Forecast Sensitivity Analysis
FinancingTasks Completed
Selection of Bond Counsel
Credit Rating Review
Selection of Underwriting Team
TIFIA financing activities (ongoing)
PlanofFinance
10% toll increase commenced in January 2014o First full year of new tolling regime yielded over 14.4%o No degradation in traffic volumeo FY 2015 - Traffic up 3.2%; Revenues up 11.0%o FY 2016 To Date Traffic up 7.9%; Revenues up 6.6%
SDG prepared an investment grade Traffic & Revenue Study
o T&R model benefits from actual results of January 2014 toll rate increaseo Forecast increases for FY2015 achieved in just 9.5 monthso FY 2016 traffic increase projected @ 72,000; actual increase has already reached
100,000
Conservative estimates for investment income, operating expenses and renewal/replacement expenses
o Fifty year history of tolling and managing operations and maintenance
Anticipate BBB Rated Revenue Bondso CBBT Toll Revenue Bonds are currently rated A- by Fitch
Sources
Funding sources consists of:o First Tier Toll Revenue Bondso Subordinate Toll Revenue TIFIA Loan (33% of eligible costs and with a rural rate)o VTIB Loano CBBTD General Fund transfer from FY 2014 to FY 2020
Thankyou!
www.cbbt.com