| Name |
Cooper River Bridge Project |
| Location |
Charleston / Mount Pleasant,
South Carolina |
| Mode |
Bridge |
| Description |
2.5 mile bridge structure.
Bridge will replace two existing,
structurally deficient
bridges connecting Charleston
and Mount Pleasant.
|
| Sponsor |
South Carolina Transportation
Infrastructure Bank (SCTIB) |
| Cost |
$650 million |
| Type
of Finance |
- $215 million
TIFIA direct
loan
- $325 million
SCTIB revenue
bonds
- $110 million
federal
& other
sources
|
| Revenue
Sources |
SCTIB revenues, namely:
truck registration
fees
loan repayments
|
| Project Delivery
/ Contract Method |
Design-build |
| Private Investor
Partner |
|
| Project Advisors |
|
| Lenders |
TIFIA program |
| Physical Status |
Expected to open to traffic in Summer 2005. Required
contract completion date July 2006. |
| Financial Status |
|
| Innovations |
Largest single construction contract in SCDOT history.
First project-specific seismic design criteria in state.
Partnership with City developed to mitigate community
impacts. |
| Related
Links / Articles |
http://www.dot.state.sc.us/
http://www.CooperRiverBridge.org
|
| Contacts |
South Carolina DOT
W. Keith Bishop
Director, Financial Planning
and Cash Management
955 Park Street
P.O. Box 191
Columbia, SC 29202-0191
Tel. (803) 737-2357
bishopwk@dot.state.sc.us
|
| Last Review/Update |
South Carolina DOT, April 2004 |
