The TIFIA loan will be repaid through a pledge of the project's gross toll revenues. Construction is expected to begin in 2018, with substantial completion estimated by mid-2020. RCTC awarded the design-build contract on April 12, 2017. Legal Advisor - Skadden, Arps, Slate, Meagher & Flom LLP.Traffic and Revenue Advisor - IMG Rebel.Independent Engineer - Parsons Transportation Group Inc.Traffic and Revenue Advisor - Stantec Consulting Services Inc.Financial Advisor - Fieldman, Rolapp & Associates.Bond Counsel - Orrick, Herrington & Sutcliffe LLP.Legal Advisor - Best, Best & Krieger LLP.Skanska USA Civil West California District, Inc.Measure A sales tax revenues - $93.8 millionÄesign-builder - Skanska-Ames joint venture Measure A sales tax bonds - $114.2 million $461.3 million (TIFIA eligible project costs) By reducing congestion on I-15, the project will also minimize traffic diversions to local roadways and manage projected growth in traffic. It will also provide direct access to the 91 Express Lanes extension in Riverside County, the first intersection of two major express lane corridors in Southern California. The project is designed to improve congestion levels and travel times in the I-15 corridor and expand travel choices. The project will add the new express lanes in the median of I-15 and will install retaining walls, storm water runoff treatment services, 11 bridge widenings, tie-ins to the existing travel lanes, an electronic toll collection system, a customer service center and a traffic management system. I-15 also provides access to major east-west limited access highways including SR-91, SR-60, I-10, and SR-74. I-15 is a major north-south truck/passenger route that linking Los Angeles and Orange Counties in Southern California and providing onward connections to Las Vegas and points beyond. The I-15 Express Lanes project will add two tolled express lanes in each direction on a 14.6-mile section of Interstate 15 in Riverside County, California between the Cajalco Road interchange near the City of Corona to just south of the SR 60 interchange near the San Bernardino/Riverside county line. Riverside County Transportation Commission (RCTC)
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