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STATE ROUTE 125 TOLL ROAD- SAN DIEGO COUNTY, CA Project Image
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Name State Route 125 Toll Road
San Miguel Mountain Parkway
Location San Diego County, California
Mode Toll Highway
Description

New 11-mile highway alignment from SR 905 near the International Border to SR 54 near Sweetwater Reservoir. The SR 125 Toll Road connects the only commercial port of entry in San Diego to the regional freeway network. This project, being developed as a public-private partnership, will complete the missing link in San Diego's third north-south freeway corridor.

This highway segment directly connects Otay Mesa, the largest area of industrial zoned land remaining in San Diego County, with Eastern Chula Vista, including the Otay Ranch, the largest planned residential development in San Diego County. Commuters between these two areas now must travel ten miles out of direction on heavily congested city streets.

The southern 9.5 mile section of SR 125 is to be constructed as a privately financed and operated toll road with electronic toll collection ($426 million). The toll road is being developed under California's AB 680 legislation passed in 1989. A limited partnership, San Diego Expressway, LP, holds a franchise with the State of California under which it finances and builds the highway, then transfers ownership to the State. The limited partnership then leases back, operates and maintains the facility for thirty five years. At the end of thirty five years, control goes back to the State at no cost.

The northern 1.5 mile, including the interchange with State Route 54 is publicly financed with a mix of federal fund (FHWA) and local sales tax funds (San Diego Association of Governments) ($132 million). Once opened, this segment will operate as a freeway.

Both the private and publicly funded portions will be built by the same contractor under two design-build contracts with the limited partnership. California Transportation Ventures, Inc. (CTV), the general partner, manages the project and will administer the contracts. Washington Group International is the selected contractor with a joint venture of Parsons Brinckerhoff Quade and Douglas, Inc and J. Muller International as the design subcontractor.

Initial construction of the eleven miles highway will include grading for the ultimate facility of eight lanes on the north half of the project and six lanes on the south half. as a four-lane highway A wide median will be provided for the full length of the project to allow future carpool lanes or transit. Structures and paving for only two lanes in each direction will be constructed initially. Additional lanes and structures will be added in the future as traffic increases.

Sponsor California Transportation Ventures, Inc., a California corporation equally owned by Parsons Brinckerhoff and Egis Projects
Cost

$558 million initial cost

$363 million development and capital cost for the toll road

$63 million financing cost and interest during construction

$132 million for connector and interchange.

Type of Finance

$94 million TIFIA loan guarantee

$33 million TIFIA line of credit

(Connector Route: $132 million federal and local funding)

Revenue Sources Toll revenues
Project Delivery / Contract Method 35-year BTO franchise with the State of California allows developer to set market rate tolls. Franchise allows a maximum 18.5% return on total investment with additional allowed incentive return for action to increase average vehicle occupancy on the toll road.
Private Investor Partner California Transportation Ventures, Inc.
Project Advisors Nossaman, Guthner, Knox & Elliott, LLP
Salomon Smith Barney
PBConsult
Orrick Herrington & Sutcliffe
Wilbur Smith Associates
Lenders TIFIA program
Physical Status

FEIS/ROD: approved 6/2000

Begin design / construction: second half of 2002

Expected toll road opening: 2005

Financial Status Under negotiation
Innovations

The California Department of Transportation (Caltrans) and CTV entered into a lump sum agreement to provide staff to a joint project team to complete the environmental work.

A competitive (best value) bid, design-build procurement process was followed in which the same designer, design subcontract, and design price were mandated to each proposer. The designer was a joint venture composed of subsidiaries of the project sponsors.

Related Links / Articles SR 125 Homepage (California Transportation Ventures, Inc.)
CalTrans Project Factsheet

Citizens for 125
Coverage in The Los Angeles Times
Coverage in Civil Engineering
Contacts Kent Olsen
Contact California Transportation Ventures, Inc.
TEL: (619) 338-9376
olsenk@pbworld.com
Last Review/Update California Transportation Ventures, December 2003
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