Parsons Awarded San Diego SR-125 South Project; Parsons Providing Construction Management for 11.5 Miles of San Diego Expressway.
PASADENA, Calif.--(BUSINESS WIRE)--Oct. 21, 2002
Parsons has recently been awarded a contract by the San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Expressway Limited Partnership (SDELP SDELP San Diego Expressway Limited Partnership ) and California Transportation Ventures (majority owned by Macquarie Infrastructure Group The Macquarie Infrastructure Group ASX: MIG is one of several listed trusts managed by Macquarie Bank Limited.
Macquarie Infrastructure Group is one of the world's largest developers and operators of private toll roads with a portfolio of 11 toll roads across seven countries of Australia) to begin construction management on the SR-125 South Project in San Diego County. Parsons will provide overall review and construction management for the design-build contracts, which have a construction value in excess of $300 million.
Scheduled for a groundbreaking ceremony on Wednesday, October 23rd, the SR-125 South Project will offer motorists an alternative to the highly traveled Interstates 5 and 805 north-south freeways in southern San Diego County, as well as provide an important link to the Otay Mesa Port of Entry/border crossing along the California-Mexico border. Construction is expected to extend over the next three and a half years.
The SR-125 South Project is the second of the AB 680 toll road franchises approved by the California legislature in 1990. Funding for the project combines private funds, US Department of Transportation appropriations from the Transportation Infrastructure Finance and Innovation Act, and Transnet (local sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. ) funding through the San Diego Association of Governments The San Diego Association of Governments (abbreviated SANDAG) is an association of local San Diego County governments. It is mainly a regional planning agency, with policy makers consisting of mayors, councilmembers, and a County Supervisor. (SANDAG SANDAG San Diego Association of Governments ).
Parsons has completed many successful design-build transportation facilities and toll road construction projects, such as the California SR-73 (San Joaquin Hills The San Joaquin Hills are a set of low hills in coastal Orange County, California. The hills extend in a northwest-southeast direction, starting in the northwest in Newport Beach at the southern edge of the Los Angeles Basin, and extending southeast to San Juan Capistrano. ) in Orange County, US 60 in Phoenix, Alameda Corridor in Los Angeles, and I-15 in Salt Lake City. "This project is another great example of the Parsons commitment to innovative project delivery methods and to public/private partnerships as a viable option for development of badly needed transportation improvements," stated Tom Barron, Parsons Executive Vice President.
Parsons, a leader in many diverse markets such as infrastructure, advanced technology, transportation, environmental and planning, continues to provide technical and management solutions to federal, regional and local government agencies as well as private industries worldwide. For more about Parsons, please visit us on the world wide web at www.parsons.com.