CN-550000-ASG37-A0010400.pdf

This document is a State-Funded 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 associated with Contract Number ASG37 and Financial Project Number 425841-2-A8-01, and was executed in March 2019.

The loan is for a transportation infrastructure project involving the widening and reconstruction of State Road 82 (Immokalee Road) in Lee County, Florida. The project spans 2.949 miles, extending from east of Shawnee Road to just east of Alabama Road, and will transform the existing two-lane undivided rural roadway into a six-lane divided high-speed urban highway. The total loan amount is $34,955,978.00, with a 0% financing rate. The project includes constructing three 12-foot wide travel lanes in each direction, separated by a raised 30-foot wide grassed median, with Type E curb and gutter, concrete sidewalks, and buffered bicycle lanes. The loan will be repaid through District Dedicated Revenue and Statewide Inter/Intrastate Highway Funds, with project completion anticipated in November 2021.