Virginia selects $3.3bn highway project team

Daniel Searle 9 Nov 2016 NORTH AMERICA TRANSPORT INFRASTRUCTURE

A consortium of Cintra and Meridiam has been selected by the Virginia Department of Transportation as preferred proposer to oversee a $3.3bn highway project in the US state.

Cintra, a subsidiary of Ferrovial, along with infrastructure fund Meridiam will design, build, finance, operate and maintain a 35km-long concession on the Interstate 66 road.

Design and construction will be overseen by Ferrovial Agroman and local construction company Allan Myers VA. The group of companies involved in the project will be known as I-66 Express Mobility Partners.

The new road will feature three regular lanes and two managed lanes in either direction, increasing capacity, mobility and driver safety, with interchanges also upgraded to reduce congestion.

Construction is due to be completed by 2022, with the concession running for 50 years. Financial closure is set for next summer.

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