TwitterFacebookPinterestGoogle+

Reps. Soto, Demings and Murphy Request Update from Florida Dept. of Transportation on “I-4 Ultimate Project”

Washington, D.C. –  Central Florida representatives Darren Soto, Val Demings and Stephanie Murphy sent a letter today to Secretary Dew of the Florida Department of Transportation expressing their concerns over a recent Moody’s Investment Service report, which states that construction on Interstate 4 (I-4) is over 245 days behind schedule and $100 million over budget. The representatives have requested to receive a status update on this situation.

In a joint statement, Reps. Soto, Demings and Murphy stated: “Central Florida is one of the fastest growing regions in the country. Our residents deserve a world-class transportation infrastructure network that is efficient, safe, and reliable. Our delegation has been working hard in Congress to deliver much-needed transportation infrastructure investments for central Florida to ensure timely completion of ongoing projects.  It’s very problematic that the I-4 Ultimate project is both behind schedule and over budget. Taxpayers deserve answers!”

The I-4 Ultimate project is funded through a public-private partnership, which includes federal funds. Moody’s recently released report revised the project’s outlook from stable to negative due to three main factors: an estimated 245-day delay to the original substantial completion date of December 2020, a requested additional $100 million in compensation from the Florida Department of Transportation (FDOT) and a high level of accumulated noncompliance points.

Accordingly, Reps. Soto, Demings and Murphy have requested a status update from Secretary Dew to learn more about the cost overruns, construction delays, and what FDOT plans to do to mitigate these recent developments. 

_____________________________________

See below for the full text of the letter. 

July 13, 2018

The Honorable Mike Dew
Secretary
Florida Department of Transportation
605 Suwannee Street
Tallahassee, FL 32399

Dear Secretary Dew:

We write today to express our concerns over a recent Moody’s Investment Service report that concluded construction on Interstate 4 (I-4) is over 245 days behind schedule and $100 million over budget. We respectfully request a status update on this situation and why the 21-mile, $2.3 billion dollar, “I-4 Ultimate” project is over eight months behind schedule and $100 million over budget.

As you know, I-4 Ultimate is an important project for Central Florida. The project is funded through a public-private partnership including federal funds, and because of that partnership, Moody’s periodically provides loan investment ratings. Moody’s recently released an investors report on the I-4 Mobility Partners loan and revised the project’s outlook from stable to negative due to three main factors. First, the report estimates a 245-day delay to the original substantial completion date of December 2020 to September 2021. Second, Moody’s indicated there is a related claim, associated with the delay, filed with Florida Department of Transportation (FDOT) for an additional $100 million in compensation. Third, there is a high level of accumulated noncompliance points in the month of May associated with minor flooding which led to lane closures. We understand the FDOT maintains active communication with I-4 Mobility Partners and is engaging in additional project oversight. Accordingly, we would like to know more about the cost overruns, construction delays, and what FDOT plans to do to mitigate these recent developments.

Therefore, we respectfully request that FDOT provide us with a status update on why construction on the I-4 Ultimate project is behind schedule and $100 million over budget. We thank you in advance for your attention to this matter.

Sincerely,

Rep. Darren Soto
Rep. Val Demings
Rep. Stephanie Murphy

CC: The Honorable Elaine L. Chao – U.S. Secretary of Transportation

Leave a Reply

Your email address will not be published. Required fields are marked *

POLITICS & POWER NEWS

  • ORLANDO (FNN NEWS) - Commissioner Sam Ings Hopes to Unseat Four-Term Incumbent Orlando Mayor Buddy Dyer (Ings campaign photo)

National Politics

U.S. President Donald Trump to meet with 5 Caribbean leaders at Mar-a-Lago Friday

PALM BEACH, Fla. — The White House says President Donald Trump will meet with leaders…

Records show FBI was probing Michael Cohen long before raid

NEW YORK (AP) — Newly released documents show the FBI was investigating President Donald Trump’s…

Trump issues first veto after rebuke of border order

WASHINGTON (AP) — Unbowed by a congressional rebuke, President Donald Trump issued the first veto…

Trump Campaign Announces MAGA Rally Thursday, March 28 - Grand Rapids, MI

New York, NY – Today, Donald J. Trump for President, Inc. announced that President Trump will…

STATE & LOCAL POLITICS

Governor Ron DeSantis Addresses More Than 1,000 Business and Community Leaders at Broward Workshop

Davie, Fla. – Today, Governor Ron DeSantis addressed more than 1,000 business and community leaders at…

First Lady Casey DeSantis Joins DEP, FWC, CCA and Duke Energy for Red Tide Recovery Redfish Release

Naples, Fla. – Today, First Lady Casey DeSantis and Department of Environmental Protection (DEP) Secretary Noah…

Florida Helps Secure Multimillion Recovery Following Health Care Fraud Investigation

TALLAHASSEE, Fla.—Attorney General Ashley Moody’s Office helped secure a multimillion-dollar recovery following an investigation into…

STATEMENT: FDP Chair Terrie Rizzo on second passing of SB 168

TALLAHASSEE, Fla. - FDP Chair Terrie Rizzo released the following statement after GOP Senators again…

FNN SPORTS

  • TAMPA BAY | Buccaneers Release Punter Bryan Anger (Photo: Buccaneers)

MORE SPORTS NEWS

McIlroy blocks out noise and hits his stride

PONTE VEDRA BEACH, Fla. (AP) — Rory McIlroy managed to block out all the noise,…

Aaron Gordon and Jonathan Isaac named co-winners of the 2018-2019 Rich & Helen DeVos Community Enrichment Award

Orlando, Fla. – Orlando Magic forwards Aaron Gordon and Jonathan Isaac were named co-winners of the…

Orlando City Falls 3-1 to Montreal

ORLANDO, Fla. - Orlando City SC (0-1-2, 2 points) suffered its first defeat of the 2019…

Kyle Wyman Wins DAYTONA 200

DAYTONA BEACH, Fla. – Kyle Wyman, riding the N2Racing Yamaha, emerged from a late-race, four-lap shootout  to…

Sean Dylan Kelly, 16, Becomes Youngest Pole Winner in DAYTONA 200 History

DAYTONA BEACH, Fla.  – Suzuki rider Sean Dylan Kelly, a 16-year-old making his DAYTONA 200 debut,…

Buccaneers Release Punter Bryan Anger

TAMPA, Fla. - The Tampa Bay Buccaneers announced today the team has released punter Bryan Anger. Anger…

BUSINESS NEWS

MORE BUSINESS NEWS

Apple refreshes iPad lineup, with larger entry-level model

NEW YORK (AP) — Apple has unveiled a new iPad that’s thinner and slightly larger…

Hawaii weighs first-in-nation plastic bans at restaurants

HONOLULU (AP) — Hawaii would be the first state in the U.S. to ban most…

Craigslist founder donates $15 million for journalism ethics

PASADENA, Calif. (AP) — The founder of Craigslist says he will donate $15 million to…

US charges against Huawei could inflame China trade talks

WASHINGTON (AP) — The Trump administration’s unveiling of criminal charges against the Chinese tech giant…

[VIDEO] Governor Rick Scott Announces Florida Gained 23,000 New Jobs in November

ORLANDO, Fla. (FNN NEWS) - Florida Governor and Senator-elect Rick Scott announced that Florida gained…

[VIDEO] Aloft Orlando Downtown Welcomes RedCarpetMonday Orlando's Best in Business

ORLANDO, Fla. (FNN NEWS) - Red Carpet Monday returned to Aloft Orlando Downtown to host its final…

ENTERTAINMENT NEWS

  • Forbes: Kylie Jenner youngest self-made billionaire. (Photo by Evan Agostini/Invision/AP)

MORE ENTERTAINMENT NEWS

Oregon Blockbuster outlasts others to become last on Earth

BEND, Ore. (AP) — There are challenges that come with running the last Blockbuster Video…

Fox News hires Donna Brazile as political contributor

NEW YORK (AP) — Fox News says it has hired former Democratic National Committee chief…

Review: In ‘Triple Frontier,’ a special-ops heist goes awry

Job opportunities seldom diverge as greatly as they do for the former special forces operatives…

R. Kelly tells CBS ‘I didn’t do this stuff’ in interview

CHICAGO (AP) — In his first interview since being charged with sexually abusing four people, including three…

Kylie Jenner youngest self-made billionaire

NEW YORK (AP) — Move over Mark Zuckerberg. At 21, Kylie Jenner has been named…

Review: ‘Captain Marvel’ gets an average introduction

If there is one thing that’s true of most of the movies in the Marvel…

LIFESTYLE, TRAVEL & TOURISM

MORE LIFESTYLE NEWS

Garden Rocks Concert Series Expands to Every Day of the Epcot International Flower & Garden Festival, March 6-June 3

LAKE BUENA VISTA, Fla. – Garden Rocks Concert Series is back – every single day…

SPECIAL REPORT: Non-Compliance with State Law Plagues Orange County Soil & Water Board

ORLANDO, Fla. (FNN NEWS) - Florida currently has 58 Soil & Water Conservation Districts which were…

Chairman Daisy Morales Announces New Website for Orange Soil and Water Conservation District

ORLANDO, Fla. (FNN NEWS) – After four years of ongoing board meetings and delays to…

Innovative environment joins lineup of new and recently announced enhancements to the Walt Disney World Resort theme park

LAKE BUENA VISTA, Fla. (Feb. 21, 2019) – Epcot at Walt Disney World Resort is a…

26th Epcot International Flower & Garden Festival Blooms for 90 Days at Walt Disney World Resort

LAKE BUENA VISTA, Fla. – New sights, sounds and flavors of spring will envelop Walt…

Orange Soil & Water Conservation Chair Daisy Morales Issues Statement on Gov. DeSantis Water Reforms

ORANGE COUNTY, Fla. (FNN NEWS) - Orange Soil & Water Conservation District Board Chair and…