• This project is based on availability payments being made to ACS by FDOT for making the highway available for use and maintaining it to a required standard. FDOT retains the revenue risk and will control toll rates and toll collection on the corridor, while the ACS consortium will focus on delivering the requested services for both toll and non-toll lanes.
• The ACS consortium will be awarded a lump-sum payment of US$685 million once construction is completed in 2014. ACS will then receive an annual, inflation-adjusted availability payment of US$65.9 million for the remainder of the concession's life.
• ACS's main risk is that it performs to the required levels and that FDOT will honor its payment obligations.
• Such a contractual approach is seen as less risky by senior debt providers and helps facilitate the raising of sufficient private finance.