21 July 2025
21 July 2025
Preliminary and primary construction is set to begin later this year.
The project’s SPV will receive a €792m cash grant and a 65% toll surplus from the Greek government.
The announcement reportedly concludes the procurement process, pending completion of a mandatory standstill period.
The development will feature a 30m-high luminous sphere encircled by over 1,000 AI-driven water jets, among other features.
The builder will make use of green technologies such as rooftop PV panels and rainwater harvesting systems.
The development aims to remedy congestion between Fredericksburg and Washington, D.C..
The company has received contracts across Austria, Germany, Poland, and Romania.
The project is scheduled for completion by 2029.
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