Proj participation

The Florida Department of Transportation Master Agreement ASK09 is a State Infrastructure Bank (SIB) Loan Agreement designed to facilitate transportation infrastructure development, specifically focused on the Gateway Expressway Project in Pinellas County. The IDV enables capital improvements for a new four-lane elevated tolled expressway, including critical infrastructure enhancements such as connections from US 19 to west of I-275, reconstruction of the Bayside Bridge, and express lane additions on I-275. This master agreement supports federal-funded transportation infrastructure investments through a comprehensive financing mechanism.

R.J. Behar & Company, Inc. is the prime contractor for this master agreement, which was awarded on August 19, 2016, and is set to complete on June 30, 2024. The contract covers the state of Florida and operates as a Master Agreement with a total loan amount of $91,785,710.00. The financing includes a 0.00% interest rate, with funds to be disbursed across fiscal years 2017-2023. Funding sources include Advance Construction National Highway Performance Program Federal Funds and Statewide Inter/Intrastate Construction State Funds, demonstrating a collaborative approach to transportation infrastructure financing between federal and state transportation authorities.