Tag Archives: Ferrovial Agroman

“MegaProject: Express Mobility Partners signs Virginia’s I-66 road PPP project”

InfraPPP | December 12, 2016

The Commonwealth Transportation Board (CTB), which establishes the administrative policies for Virginia’s transportation system, has signed a Comprehensive Agreement with Express Mobility Partnersto build express lanes on I-66 Outside the Beltway.

Express Mobility Partners, a consortium of Cintra, Meridiam, Ferrovial Agroman US and Allan Myers VA, Inc., will finance, design, build, maintain and operate the project under the Public-Private Transportation Act.

The consortium was chosen by the Virginia Department of Transportation (VDOT) as Preferred Proposer in early November. Cintra and Meridiam will be responsible for project development. Ferrovial Agroman, with local construction company Allan Myers VA, Inc. will handle design and construction.

The project involves building 35 kilometers along the I-66 corridor between Route 29, in the environs of Gainesville, and I-495, the Capital Beltway, in Fairfax County. The project aims to transform Northern Virginia’s I-66 outside the Beltway into a multi-modal corridor that moves traffic and people quicker and in a more reliable way.

With three regular lanes and two managed lanes in each direction, the new section of highway will expand capacity, improve mobility and enhance driver safety, as interchanges will also be upgraded to reduce congestion. The project also envisages new and expanded transit service and park-and-ride lots, with direct on- and off-ramps from the managed lanes.

The winning bid will provide approximately US$2.5 billion in construction, US$800 million in net present value for transit capital and operating improvements over the term, US$350 million in net present value for other corridor improvements over the term, and US$500 million for other corridor improvements at financial close next year.

The construction works could be done in phases. Financial closure is expected next summer. Construction is scheduled to be completed by 2022, and the concession runs for 50 years.

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“Meridiam consortium named preferred proposer for Virginia’s Transform 66 project”

December 12,  2016 | ITS International

A consortium of Meridiam, CintraFerrovial Agroman US, Allan Myers VA, Janssen & Spaans Engineering, the Louis Berger Group and American Structurepoint has been named Preferred Proposer by the Commonwealth of Virginia for the State’s Transform 66 Project.

I-66 Express Mobility Partners will design, build, finance, maintain and operate the I-66 Outside the Beltway project under the Public Private Partnership (P3) Transportation Act. The project is designed to relieve congestion, improve safety and provide more predictable travel times for Northern Virginia and Washington, DC metro region.

The I-66 Outside the Beltway Project extends 22 miles along the Interstate 66 corridor outside of the Beltway, Once completed, it will provide significant upgrades to one of the East Coast’s most highly congested corridors, including three regular lanes in each direction and two express lanes in each direction with a state-of-the-art open-road electronic toll collection system.

It will also provide direct access between the express lanes and new or expanded commuter lots, mew and expanded transit service and park-and-ride lots; and interchange improvements to enhance safety and reduce congestion.

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