Florida pushes advanced on $2 billion I-4 project
Florida's
Legislature and Governor Rick Scott accept accustomed the Florida DOT
approval to move advanced with the accretion action for the I-4 Ultimate
Activity in Central Florida as a Public-Private Partnership (P3).
FDOT Secretary Ananth Prasad said the $2.1 billion activity will alter
and aggrandize a 21-mile allocation of I-4 which was originally
congenital in the 1960s and runs a east-west acclimatization from Tampa
on the west bank to I-95 on the east bank arctic of Daytona.
It will accommodate 56 fresh bridges, 68 replacements, 13 modifications and about-face of 15 above interchanges.
"Our ambition is to accept banking abutting on the activity by the
summertime of 2014 with architecture alpha after that year or aboriginal
in 2015."
According to FDOT, the project brings innovation to relieve congestion
by adding four Managed Lanes or tolled Express lanes to I-4, running
from West of Kirkman Road to East of SR 434.
The Managed Lanes which add capacity to I-4 are intended for longer distances and use variable tolling or 'congestion pricing.' The project also includes six general purpose lanes and two auxiliary lanes.
Steve Olson, an FDOT spokesman, says that about half of the $2.1 billion will be sought from the private sector.
Additionally, despite the notoriety Governor Scott received from his decision in 2011 to reject $2.3 billion in federal funding to develop high speed rail between Orlando and Tampa, the current project allows "some flexibility for the Light Rail Corridor in the 21 mile section" and that may expedite access by rail to Orlando International Airport.
Upon completion by 2020-21 average daily traffic projections on various segments of the 21.1 mile project range from 30,000 to 47,000.
The Managed Lanes which add capacity to I-4 are intended for longer distances and use variable tolling or 'congestion pricing.' The project also includes six general purpose lanes and two auxiliary lanes.
Steve Olson, an FDOT spokesman, says that about half of the $2.1 billion will be sought from the private sector.
Additionally, despite the notoriety Governor Scott received from his decision in 2011 to reject $2.3 billion in federal funding to develop high speed rail between Orlando and Tampa, the current project allows "some flexibility for the Light Rail Corridor in the 21 mile section" and that may expedite access by rail to Orlando International Airport.
Upon completion by 2020-21 average daily traffic projections on various segments of the 21.1 mile project range from 30,000 to 47,000.
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