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United States Department of Transportation United States Department of Transportation

Interlink

Warwick Interlink Schematic
Alternate Project Name
Warwick Intermodal Station
Project Type
Other Surface Transportation
Financing Type
TIFIA
Status
Credit Agreement Executed
Sponsor/Borrower
Rhode Island Airport Corporation (RIAC), Rhode Island Department of Transportation (RIDOT), Federal Highway Administration (FHWA)
Project Description

Interlink, formerly the Warwick Intermodal Station project, is an intermodal project connecting air, rail, bus, automobiles, and rental cars at T.F. Green Airport in Warwick, RI that serves the Providence area and Southern Massachusetts.

The intermodal facility serves MBTA (Massachusetts Bay Transportation Authority) commuter trains traveling between Warwick, Providence, and Boston, utilizing Amtrak rails; and Wickford Junction in North Kingstown, RI that opened in April 2012. The rail platform is integrated with a consolidated rental car facility that houses all airport rental car operations. The six-level parking garage includes approximately 1,800 spaces for rental car operators and 800 for rail commuters. This garage includes the first elevated fueling platforms in the country. A 1,200-foot, elevated and enclosed walkway with moving sidewalks connects passengers to and from the airport terminal. Additionally, the station incorporates opportunities for local and intercity bus service connections.

According to the Project Sponsor, the Interlink train station has improved peak hour congestion in the Providence metropolitan area by directing drivers to utilize rail transit for intercity travel and the people mover to access the airport.  The travel time savings, approximately 1,000 additional jobs, and increased access to jobs in Providence generate an estimated $120 million in economic annual impact for the Tri-State Region.  The project also emphasizes rider safety through the creation of a connected security system, tying security cameras to the airport security system.

Project Details
TIFIA Assistance
$42.00M
Primary Revenue Pledge
User Charges
Project Cost
$280.00M
Fiscal Year Closed
FY2006
Duration/Status
Construction began fall 2007; substantial completion was reached on October 27th 2010.
Funding Sources
Federal Funding Grants: $124.5M
TIFIA Loan: $42M
Special Facility Revenue Bonds: $50.3M
Customer Facility Charges: $29.7M
State Grants: $31.1M
Interest earnings $2.4M
Project Delivery/Contract Method
Construction Manager at Risk
Project Participants
Nine rental car agencies
Project Advisers/Consultants
Parsons Brinckerhoff - Project management

Gilbane Building Company - Construction management

Jacobs Engineering Group - Design

To USDOT TIFIA JPO:

TIFIA Legal Advisor: Ballard Spahr
TIFIA Financial Advisor: Infrastructure Management Group
Project Lender
Bondholders, USDOT TIFIA
Credit Assistance Detail
Direct loan: $42 million

The TIFIA loan will be secured by customer facility charges imposed by RIAC on people renting cars at the airport as well as payments by the rental car companies for tenant improvements in the Intermodal Facility.
Financial Status
The TIFIA credit agreement was signed in June 2006. The first TIFIA interest payment was made in January 2012, and principal payments began in 2017. The maturity date of the loan is expected to occur in 2041.
Innovations
The project used an owner controlled insurance program (OCIP) in conjunction with an on-site health care company.
The project used prefabricated elements to construct the garage and the Construction Manager at Risk delivery method (Every Day Counts Method).
Application Details
Applicant
Rhode Island Economic Development Corporation
LOI Fiscal Year Received
FY2002
LOI Received Date
Application Received Fiscal Year
FY2002
Estimated Project Cost
$216.00M
TIFIA Request
$588.00M
Instrument Type
Direct Loan