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Location
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Denver Metro Area, Colorado
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Project Sponsor
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E-470 Public Highway Authority
The E-470 Public Highway Authority consists of eight member jurisdictions: Adams,
Arapahoe, and Douglas counties and the cities of Aurora, Brighton, Commerce City,
Thornton, and the town of Parker. Affiliate, non-voting members are the cities of
Arvada, Broomfield and Greeley, and Weld County. Ex-officio members are the Colorado
Department of Transportation (CDOT), Denver Regional Council of Governments (DRCOG)
and the Regional Transportation District (RTD).
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Mode
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Toll Highway
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Description
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E-470 is a toll highway that runs along the eastern perimeter of the Denver metropolitan
area. The 47-mile beltway extends from State Highway C-470 at I-25 in Douglas County
south of Denver, runs east and then north through Aurora, passes along the western
edge of the Denver International Airport, and turns back towards the west, terminating
at I-25 on the north end of the metropolitan area just south of 160th Avenue.
The project was built in four separate phases, with construction on Phase 1 beginning
in 1989 and ending with Phase 4 in 2003
Phase 1: Opened June 1991 - 5.1 miles
Phase 2/3: Opened July 1998 - May 1999 - 29.3 miles
Phase 4: Opened January 2003 - 12.2 miles
Toll collection is fully cashless effective July 4, 2009 either by EXpresToll transponders
or through License Plate Toll camera photography.
The E-470 Authority's underlying $1.2 billion in bond debt is scheduled to be paid
off in approximately 2039. CDOT has an option to take over E-470 in 2076 after the
establishment of a perpetual maintenance fund and all debt is defeased.
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Cost
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Total: $1.23 billion
Phase 1: $115 million
Phase 2/3: $663 million
Phase 4: $453 million
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Funding Sources
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Revenue bonds (backed by toll receipts, vehicle registration fees, highway expansion
fees on adjacent properties, lease revenues from cellular towers, easement permit
fees)
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Project Delivery/
Contract Method
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Design-Build
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Private Partner
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Design-Builder Phase 4: MKK Constructors: joint venture
between Washington Group International, Inc. (formerly Morrison Knudsen) and Kiewit
Western
Project Oversight Engineer: O'Brien Kreitzberg Inc.
URS
Design-Builder Phases 2/3: Morrison Knudsen with Fluor
Daniel, Inc.
Private Operator: PB Alltech
Interchange joint development partners: county and/or
city jurisdictions and private developers
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Project Advisors/
Consultants
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Piper Jaffray
Wilbur Smith & Associates
Morgan Stanley
JPMorgan
George K. Baum
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Lenders
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Bondholders
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Duration / Status
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The project's final phase opened in 2003. A third lane was added along a portion
of the southern segment (Phase 1) in November 2005. Nonstop (cashless) tolling is
effective July 2009.
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Financial Status
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Closed
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Innovations
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- Innovative mix of revenue sources
- E-470 and its private operations contractor received a toll innovations award from
IBTTA in 2000 for toll operations as well as the 2006 IBTTA President's award
- The successful completion of the E-470 spurred the creation of the 11-mile Northwest
Parkway, which was completed in late 2003
- E-470 provides back office support for both the Northwest Parkway and the Colorado
Tolling Enterprise (CDOT) HOV/Tolled Express Lanes (HOV/HOT) on I-25
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Related Links / Articles
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E-470.com
FHWA
Project Profile
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Contacts
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Finance information:
John D. McCuskey
Deputy Executive Director/Director of Finance
jmccuskey@e-470.com
Operational information:
Dave Kristick
Director of Operations
dkristick@e-470.com
E-470 Public Highway Authority
22470 E. 6th Parkway
Suite 100
Aurora, CO 80018
Tel. (303) 537-3470
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