P3 Case Study: I-595 Corridor Roadway Improvements
The I-595 corridor was opened to traffic in 1989, coordinating the movement of high traffic volumes between the developable and established areas of Southeast Florida. However, travel demand has outpaced the long-range traffic forecasts for the current highway. The I-595 Corridor Roadway Improvements project reconstructs and widens the I-595 mainline and all associated frontage roads and ramps in a critical stretch approximately 10.5 miles in length.
The project includes construction of three at-grade reversible express toll lanes. These lanes will be operated as managed lanes with variable tolls to optimize traffic flow, and will reverse directions in peak travel times. The partnership between I-595 Express, LLC and FDOT is for a 35-year term DBFOM wherein FDOT will provide management oversight of the contract; will install, test, operate and maintain all tolling equipment for the express lanes; and will set the toll rates and retain the toll revenue.