P3 considered to lower cost of $1B Osceola Parkway Extension
Florida- The Central Florida Expressway Authority is beginning an environmental impact study on the Osceola Parkway Extension project. In addition to the proposed 9-mile parkway extension, the project also includes a potential north/south segment linking to State Road 417.
The Expressway Authority is currently considering a public-private partnership (P3) to reduce costs for the project. Without a P3, the project is expected to cost anywhere from $425 million to more than $1 billion. A P3 would lower that amount anywhere from $328 million to $885 million.