News

HPTE OPENING THE GATES TO INNOVATIVE WAYS TO FINANCE TRANSPORTATION IMPROVEMENTS

December 30, 2019 - Denver Metro Area, Colorado

 

DENVER -  The High-Performance Transportation Enterprise (HPTE) Board of Directors recently approved the new HPTE Unsolicited Proposal Policy. The goal of the policy is to bring in new revenue-generating ideas for transportation improvements  in Colorado.

“This new Unsolicited Proposal Policy streamlines and simplifies the process to develop the best revenue-generating proposals the private sector has to offer, with the goal of providing much needed transportation improvements,”  said HPTE Director Nick Farber. “The policy is the result of six months of work and reflects the feedback we received from the public-private partnership industry, the Federal Highway Administration, and CDOT. We are looking forward to seeing what new ideas the industry has that would benefit the state’s transportation system.”

The policy clarifies the types of unsolicited proposals being sought, submission requirements, and the procurement process, which includes three main steps:

  1.  Threshold Review to confirm the proposal includes a complete submission, complies with confidentiality procedures, and includes the Conceptual Proposal Evaluation Fee.

  2. Phase One: Conceptual Proposal to receive high level project information which clearly defines the transportation benefit.

  3. Phase Two: Detailed Proposal to receive more comprehensive technical and financial information.

Go to the procurement section of the HTPE website (www.coloradohpte.com)to learn more about the new policy. 

About the High Performance Transportation Enterprise (HPTE): The HPTE operates as a government-owned, independent business within CDOT. It searches out innovative ways to finance projects to help Colorado fulfill its commitment to increase travel choices through options that include Express Lanes, transit, biking, walking and carpooling. For more information, visit www.coloradohpte.com.

About CDOT

CDOT has approximately 3,000 employees located at its Denver headquarters and in regional offices throughout Colorado, and manages more than 23,000 lane miles of highway and 3,429 bridges. CDOT also manages grant partnerships with a range of other agencies, including metropolitan planning organizations, local governments and airports. It also administers Bustang, the state-owned and operated interregional express service. Governor Polis has charged CDOT to further build on the state’s intermodal mobility options.

 WHOLE SYSTEM. WHOLE SAFETY. 

In early 2019, CDOT announced its Whole System — Whole Safety initiative to heighten safety awareness. This initiative takes a systematic, statewide approach to safety combining the benefits of CDOT’s programs that address driving behaviors, our built environment and the organization's operations. The goal is to improve the safety of Colorado’s transportation network by reducing the rate and severity of crashes and improving the safety of all transportation modes. The program has one simple mission—to get everyone home safely.  

Colorado: The Official State Web Portal