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Diversion Authority reports first P3 milestone payment of $14.4M; construction progress shown in drone update
Summary
The authority made its first P3 milestone payment to RRVA for railroad bypass 'shoe flies' and staff presented ongoing construction progress, including aqueduct work, bridge substructures, and placement of control-structure gates.
Executive Director Mr. Benson told the Metro Flood Diversion Authority on March 27 that the authority made its first milestone payment to RRVA under the project's public-private partnership contract: $14,400,000 for construction of railroad bypasses known as "shoe flies." Benson described the payment as a project milestone under the P3 milestone-payment model, which pays contractors when "buildable units" pass completion checklists rather than on unit-price pay items.
Benson said the authority’s 2025 cash budget includes…
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