Interstate 66 concession, US
Name of the Project
Interstate 66 (I-66) concession.
Location
The contract involves building new lanes along a 35 km stretch of the I-66, between Route 29, near Gainesville, and the I-495, the Capital beltway, in Fairfax County, Virginia, in the US.
Client
Virginia Department of Transportation (VDOT).
Project Description
The project will expand the capacity of the I-66, with three upgraded general-purpose lanes and two managed lanes in each direction.
It also includes improved on- and off- ramps, refurbished park-and-ride lots and new lots connecting directly to the managed lanes.
The project will improve mobility, providing reliable travel time through the corridor and enhancing road safety.
Potential Job Creation
Not stated.
Value
The project is estimated at €3.55-billion.
Duration
Construction will be completed in 2022. The concession term is 50 years.
Latest Developments
Ferrovial, through its subsidiary, Cintra Infraestructuras, has achieved financial close for the I-66 concession. Financial close comes after the VDOT selected the bid presented by the Cintra-Meridiam consortium in November 2016. Cintra will lead the development of the project, while Ferrovial Agroman US and local construction company Allan Myers will handle the design and construction.
Key Contracts and Suppliers
Cintra (lead developer) and Ferrovial Agroman US and Allan Myers (design and construction).
On Budget and on Time?
Not stated.
Contact Details for Project Information
VDOT, Michelle Holland, tel +1 703 586 0487 or email Michelle.Holland@VDOT.Virginia.Gov.
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