NEW AND IMPROVED
Buck Collier
South City Journal
A more driver-friendly Interstate 64 (Highway 40) could be just a few years away if the state moves forward with a plan endorsed last week by local officials.
A new way to build and finance the rebuilding of I-64 from Sarah Street in St. Louis City to Spoede Road in St. Louis County could mean a better highway in as little as three years, rather than the 13 years projected to take under a more traditional rehab plan.
But whether the Missouri Department of Transportation takes advantage of the new bonding method to finance the $500-million project is unclear, says Linda Wilson, a spokesman for the agency's local office.
"It's a little too early to think about all the details," says Wilson. "We have some more things we need to do within MoDOT and the highway commission" before deciding to move forward with the plan, she says.
At its monthly session last week, the board of the East-West Gateway Council of Governments formally endorsed the use of so-called GARVEE bonds (Grant Anticipation Revenue Vehicle) to finance the reconstruction of I-64 from Sarah Street to Spoede Road by using design-build to get the job done all at once ? taking three to four years ? rather than in a piecemeal fashion contained in a more-traditional plan that would take more than 10 years.
Under the design-build method, a project is designed and built at the same time, allowing flexibility in changes to the design. Under the traditional method, a project is completely designed and then built according to the overall design.
Les Sterman, executive director of East-West Gateway, calls the rebuilding of this section of I-64 "an enormously complicated project" that will include reconstructing interchanges at I-170 and Kingshighway, as well as building another lane in each direction.
In a report to the board, the Council staff says the design-build method could save as much as $40 million, as well as shave off 10 years from the work schedule. "I-64 is uniquely qualified for a design-build approach," the report says. "The project's scale, the length of the construction period using standard methods and the associated long-term disruption of traffic (on) one of the region's most heavily traveled corridors, and the significant cost savings, even while incurring debt, all argue in favor of design-build. While design-build and related debt financing is not appropriate for most projects in the region, it is a sound approach for a project of this character and magnitude."
The Council's board endorsed the design-build method with a condition: Only $500 million worth of bonds will be issued. If it appears more than that will be required, MoDOT will have to come back to the Council for authorization. That condition was the key for some local officials ? such as St. Charles County Executive Joe Ortwerth ? to sign off on the method. "With that stipulation being in place, I can support this," Ortwerth says.
The plan contains no timetable for MoDOT to begin working on I-64. "Too many unknowns at this point," says Wilson. However, she says that if the transportation agency soon decides to use this method, on-site work probably wouldn't be seen for at least a year from now.
Buck Collier
South City Journal
A more driver-friendly Interstate 64 (Highway 40) could be just a few years away if the state moves forward with a plan endorsed last week by local officials.
A new way to build and finance the rebuilding of I-64 from Sarah Street in St. Louis City to Spoede Road in St. Louis County could mean a better highway in as little as three years, rather than the 13 years projected to take under a more traditional rehab plan.
But whether the Missouri Department of Transportation takes advantage of the new bonding method to finance the $500-million project is unclear, says Linda Wilson, a spokesman for the agency's local office.
"It's a little too early to think about all the details," says Wilson. "We have some more things we need to do within MoDOT and the highway commission" before deciding to move forward with the plan, she says.
At its monthly session last week, the board of the East-West Gateway Council of Governments formally endorsed the use of so-called GARVEE bonds (Grant Anticipation Revenue Vehicle) to finance the reconstruction of I-64 from Sarah Street to Spoede Road by using design-build to get the job done all at once ? taking three to four years ? rather than in a piecemeal fashion contained in a more-traditional plan that would take more than 10 years.
Under the design-build method, a project is designed and built at the same time, allowing flexibility in changes to the design. Under the traditional method, a project is completely designed and then built according to the overall design.
Les Sterman, executive director of East-West Gateway, calls the rebuilding of this section of I-64 "an enormously complicated project" that will include reconstructing interchanges at I-170 and Kingshighway, as well as building another lane in each direction.
In a report to the board, the Council staff says the design-build method could save as much as $40 million, as well as shave off 10 years from the work schedule. "I-64 is uniquely qualified for a design-build approach," the report says. "The project's scale, the length of the construction period using standard methods and the associated long-term disruption of traffic (on) one of the region's most heavily traveled corridors, and the significant cost savings, even while incurring debt, all argue in favor of design-build. While design-build and related debt financing is not appropriate for most projects in the region, it is a sound approach for a project of this character and magnitude."
The Council's board endorsed the design-build method with a condition: Only $500 million worth of bonds will be issued. If it appears more than that will be required, MoDOT will have to come back to the Council for authorization. That condition was the key for some local officials ? such as St. Charles County Executive Joe Ortwerth ? to sign off on the method. "With that stipulation being in place, I can support this," Ortwerth says.
The plan contains no timetable for MoDOT to begin working on I-64. "Too many unknowns at this point," says Wilson. However, she says that if the transportation agency soon decides to use this method, on-site work probably wouldn't be seen for at least a year from now.











