By Eric Jay Toll for Phoenix Business Journal
Arizona Department of Transportation is looking for teams to design, build and maintain the $1.8B South Mountain extension of Loop 202.
ADOT plans to review qualifications and create a short list of teams to submit the proposal to build the 17-mile freeway. Loop 202 South Mountain will run from near 59th Avenue and Interstate 10 in southwest Phoenix to Loop 202-Interstate 10 interchange at the Phoenix-Chandler border.
With the environmental impact statement process nearing its end, ADOT is ready to fire up teams to polish credentials. Joint venturing firms have until Dec. 10 to submit their qualifications.
The agency will do some creative financing using regional road fund and HURF credit plus grant anticipation notes. These tools leverage committed local funds. Mesa used a similar method to advance construction of the Main Street light rail to Gilbert Road.
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