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LOUISVILLE, KY. (WDRB) -- Walsh Construction Company submitted what's being called the "apparent best value" bid on a new downtown bridge.
The Kentucky Transportation Cabinet says that bid calls for the bridge to be completed by December of 2016 and cost $971 million. That's over a year and a half ahead of deadline. It includes $860 million cash plus the monetized "value" of the time saved and other factors, KYTC spokesman Chuck Wolfe said.
Walsh expects to start construction early next year on a new Interstate 65 bridge, revamped Kennedy Bridge, and reconstructed interchanges in both Louisville and Jeffersonville, Ind.
"We challenged the best transportation teams to deliver innovative, cost-efficient plans for the largest construction project in the history of Kentucky and Indiana," said Kentucky Transportation Secretary Mike Hancock in a news release. "The result of this spirited competition will be a project that will cost less and take less time to build."
The Transportation Cabinet says it determined the "best value" by evaluating proposals based on price, technical plans, and workforce requirements, including participation of minorities, women, and the disabled.
Walsh Construction's bid will be reviewed and a final decision will be made within 90 days. Walsh Construction is also the contractor for the Milton-Madison bridge project.
The Bridges Project is expected to create over 4,000 construction-related jobs over the next six years.
Ohio River Transportation Constructors and Skanska Flatiron Dragados made the other bids for the downtown bridge work. Ohio River Transportation Constructors gave a price proposal of more than $1 billion dollars. Skanska Flatiron Dragados gave a price proposal of more than $963 million.
Walsh is not the lowest bidder, but its other promises boosted its score.
'It will be tremendous to be involved in something this big, something that's been talked about for so long. We're very anxious to get started and looking forward to the progress. The best thing about construction is you can see the progress every day," says Arik Quam, the Senior Project Manager for Walsh Construction.
Indiana is expected to announce a team for the east end crossing on Friday.