| Name |
E-470 Public Highway Authority |
| Location |
Denver, Colorado |
| Mode |
Toll Highway |
| Description |
47-mile beltway along
the eastern edge of
the Denver metro area
Links metro arterials and Denver International Airport
Built in 4 phases
Expected to stimulate residential and commercial development
and improve mobility in the eastern metro area
Electronic and
manual toll collection
|
| Sponsor |
E-470 Public Highway
Authority
Adams, Arapahoe and Douglas
Counties
Cities of Aurora, Commerce City,
Brighton and Thornton
Town of Parker |
| Cost |
$1.2 billion |
| Type
of Finance |
Revenue
bonds |
| Revenue
Sources |
Toll revenues,
vehicle registration
fees, highway expansion
fees on adjacent properties,
lease revenues from
cellular towers, easement
permit fees. |
| Project
Delivery / Contract Method |
Publicly-owned
and publicly-operated project
Design-Build turnkey contract
to guarantee maximum price and
completion date |
| Private
Investor Partner |
none |
| Project
Advisors |
Piper Jaffray
Vollmer Associates
Bear Stearns
George K. Baum |
| Lenders |
|
| Physical
Status |
Last segment opened in January 2003 and links I-25 at
C-470 on the south side of the metro area to I-25 at 160th
Ave and the Northwest Parkway in the north, creating one
half of the beltway around Denver. Widening of the first
segment began in 2003 and will continue in 2004. |
| Financial
Status |
|
| Innovations |
The State does not control toll
evasion or the processing system.
E-470 and its private operations
contractor received a toll innovations
award from IBTTA in 2000 for
toll operations. |
| Related
Links / Articles |
Moody's
Credit Rating*
FITCH
Credit Update**
FITCH
Credit Report for the 2000
Senior Revenue Bond Issue**
E-470
Tollway Homepage
Electronic
Toll and Traffic Management
|
| Contacts |
Finance information:
John D. McCuskey
Director of Finance
jmccuskey@e-470.com
Operational information:
Dave Kristick
Director of Operations
dkristick@e-470.com
E-470 Public Highway Authority
22470 E. 6th Parkway
Suite 100
Aurora, CO 80018
Tel. (303) 537-3470
|
| Last Review/Update |
E-470 Public Highway Authority, December 2003 |
|
THE AMERICAN ASSOCIATION OF STATE HIGHWAY AND TRANSPORTATION OFFICIALS,
AMERICAN ASSOCIATION OF STATE HIGHWAY AND TRANSPORTATION OFFICIALS,
PBCONSULT, AND MOODY'S HEREBY EXPRESSLY DISCLAIM ALL EXPRESS, IMPLIED
AND STATUTORY WARRANTIES OF ANY KIND AND MAKES NO REPRESENTATION
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PERSON OR ENTITY, AS TO THE ACCURACY. TIMELINESS, COMPLETENESS,
TRUTHFULNESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE
OF ANY DATA PROVIDED BY MOODY'S TO ISSUER PURSUANT HERETO.
** Each Report is derived from sources believed to be accurate
and reliable. EACH REPORT IS PROVIDED "AS IS" WITHOUT
WARRANTY OF ANY KIND AND FITCH, INC., AASHTO, and PBCONSULT MAKE
NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY,
TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR
PURPOSE OF ANY REPORT. Under no circumstances shall Fitch, AASHTO,
or PBConsult have any liability to any person or entity for (a)
any loss or damage in while or in part caused by, resulting from,
or relating to, any error or other circumstance or contingency within
or outside the control of Fitch or any of its directors, officers,
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|
