CN-550000-ASG37-A0010000.pdf

This document is a State Infrastructure Bank (SIB) Loan Agreement between the State of Florida Department of Transportation (the Department) and the State of Florida Department of Transportation, District I (the Borrower). The agreement is a state-funded loan for a transportation infrastructure project, with a Catalog of State Financial Assistance (CSFA) number of 55.020 and a Contract Number of ASG37.

The loan provides $34,955,978.00 for improvements to State Road 82 (Immokalee Road) in Lee County, Florida. The project involves widening and reconstructing an existing two-lane undivided rural roadway to a six-lane divided high-speed urban highway. Specific improvements include three 12-foot wide travel lanes in each direction, a raised 30-foot wide grassed median, Type E curb and gutter, five-foot wide concrete sidewalk, a 10-foot wide asphalt shared-use bicycle path, and stormwater system improvements. The project spans 2.949 miles, from east of Shawnee Road to just east of Alabama Road. The loan has a 0% interest rate and is expected to be disbursed across multiple fiscal years, with project construction anticipated to begin in April 2019 and be completed by November 2021.