By Nolan Miles
P3 Kentucky Staff Writer
A Michigan public-private partnership could shorten the construction schedule of a $1 billion highway project by nearly a decade, according to the Michigan Department of Transportation. The widening of Interstate 75 is the first major road construction project in the state relying on private investment.
Originally, the 18-mile project was designed as a “pay-as-you-go” plan being financed by public dollars. Transportation officials are now planning for the project’s completion in 2020 as opposed to 2030 with the new public-private plan.
“The incentive is to do work on or ahead of schedule,” said MDOT spokesman Rob Morosi. “Future contracts will be dependent on performance and, of course, companies want to maintain a reputation for not only good work but work delivered as promised.”
MDOT will issue a request for the private partnership by the end of the year with the hopes of selecting the qualified partner by the end of 2018.
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