The Virginia State Route 288 project also used innovative financing strategies and a performance-based approach to construct 10.5 miles of new highway, expand 7 miles of existing highway, build six new interchanges, modify two interchanges, and construct 23 bridges along the roadway. APAC-Virginia, Inc., which is partnering with CH2M Hill and Koch Performance Roads, was awarded the Virginia 288 project with a cost of $236 million. A design-build-warranty approach was chosen in order to finish the road quickly and with minimal delays.
The first section of the project was finished in December 2003, and the second phase opened in spring 2004. The final section will open shortly. This project was complete some 3 years ahead of what it would have been if a traditional state funding and procurement approach was used.
This contract also included a long-term warranty (20 years for pavement, 5 years for other aspects). Route 288 had been in the making for about 40 years and has been turned into a reality only due to the unique public-private partnership and is expected to save the state $47 million.
Other PPTA active projects in Virginia