A public private partnership ("PPP") for the proposed I-70 Mississippi River Bridge (the "Project") is a viable alternative to finance a portion of the estimated total cost of the Project and related roadway and interchange improvements. A wide range of values is achievable and will depend greatly on a variety of factors, including:
■ Toll schedule and structure
o Variable Pricing (e.g., trucks/cars; peak/off-peak hours; electronic toll collection)
o Toll growth
o Maximum tolls
■ Length of concession
■ Capital expenditures required
■ Operating cost allocation
■ Demand elasticity
■ Volume Growth
We have performed several preliminary valuations of a potential concession sale for the Project using varying key assumptions. Below we discuss these analyses and related assumptions, and the indicative values associated with each. In order to perform a thorough analysis of the potential value of a concession sale, a more detailed traffic report and financial projections will be required.