15 Aug 2024
Plenary Americas and its Calcasieu Bridge Partners (CBP) consortium have reached financial close on the $2.3 billion Interstate 10 Calcasieu River Bridge project which will connect the towns of Lake Charles and Westlake in Louisiana.
The current I-10 Calcasieu River Bridge is more than 70 years old and predates the interstate system. Unlike most modern bridges, it is narrow, has steep approach grades and lacks shoulders and lighting. The new bridge will be less steep, have additional lanes, full shoulders and roadway lighting, providing the residents of Southwest Louisiana with a modern, safe, and more reliable bridge across the Calcasieu River.
Specifically, the scope of the project includes:
The project will be financed through both public and private sources. The State of Louisiana will contribute close to US$1.2 billion during construction while the long-term financing includes US$1.33 billion in tax-exempt Private Activity Bonds. Private capital will be repaid over the concession with toll revenues.
CBP will now begin the design-build phase of the project, with construction expected to begin in 2026 and be completed in 2031.
Members of the CBP team include:
The Louisiana Department of Transportation & Development news release can be found here.
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