LADOTD Seeks First Public-Private Partnership for $122M Project
Louisiana– The Louisiana Department of Transportation (LADOTD) is considering its very first P3. The government is looking to finance their project with a $122 million Belle Chasse Tunnel and Bridge Public-Private Partnership.
First Public-Private Partnership Eyed for Infrastructure
The tunnel and bridge are the primary access points for western Plaquemines Parish residents and businesses as well as the Naval air station. Currently, the tunnel carries traffic in one direction across the Intracoastal Waterway, and the bridge carries traffic in the other direction.
Both structures need repair as the tunnel is frequently closed due to leaks and the bridge requires frequent maintenance. The proposed project would replace the tunnel and bridge with a new mid-level, fixed-span bridge, which would carry traffic in both directions and reduce or eliminate the delays associated with operations and maintenance of the older infrastructure. In February LADOTD issued a notice of intent seeking letters of interest from interested private companies and investors. The letters of interest are due by April 4.