The latest addition to Virginia’s growing portfolio of P3-built tolled express lanes officially got underway on Nov. 20, with the ceremonial groundbreaking for the $3.7 billion Transform 66 Outside the Beltway project.
Delays in approvals for a federal low-interest loan will require the Virginia Dept. of Transportation to spend another $9 million on preliminary work for the I-66 toll lanes project. VDOT already was set to loan $30 million to Express Mobility Partners.
Virginia will spend $18.6 billion to study, develop and build more than 3,600 transportation projects through 2023 under the latest Six-Year Improvement Program approved by the Commonwealth Transportation Board.
Originally scheduled for completion late this year, the new 4,300-ft-long Midtown Tunnel between Norfolk and Portsmouth, Va., is now on track for completion by the end of the summer.