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.
The U.S. Dept. of Transportation has approved a $1.2 billion TIFIA loan to support the construction of tolled express lanes on I-66 in northern Virginia.
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.
