Dive Brief:
- Halmar has completed a major accessibility upgrade at the 161st Street-Yankee Stadium subway complex in the Bronx, part of the Metropolitan Transportation Authority's first transit public-private partnership, according to an Oct. 15 news release.
- The $965.26 million plan aims to deliver upgrades for 13 subway stations in New York City, according to the release from the Nanuet, New York-based contractor.
- Halmar expects construction at the remaining 12 stations to finish in early 2027, according to a company statement sent to Construction Dive.
Dive Insight:
The design-build-finance-maintain structure of the contract, a P3 delivery method, is unique for the MTA, according to the release.
The contract incorporates full lifecycle responsibilities, such as design, construction, financing and maintenance, under a single concession structure. Halmar Infrastructure Development serves as developer and financial sponsor through Elevated Accessibility Enhancements, the concessionaire holding the prime contract. Halmar International leads execution, with Forte Construction responsible for civil work.
The design-build-finance-maintain model allows for better alignment of project risks and responsibilities throughout the delivery process, according to the Halmar statement shared with Construction Dive. Compared to traditional construction contracts, the integrated approach provides greater coordination and accountability, according to the company.
The entire program’s scope includes replacement stations at five locations and the delivery of new vertical circulation infrastructure at eight locations. All new vertical transportation systems at the Yankee Stadium station are fully operational, according to the Halmar statement.
