Publications

Transactions - JULY 1, 2019

First section of $665m U.S. highway project opens

by Andrea Zander

After nearly four years of construction, and months of delays, the first section of the new Interstate Highway 77 (I-77) Express Lanes project in North Carolina has opened to the public earlier this month.

The $665 million capital expenditure project is built and operated by I-77 Mobility Partners, which consists of Cintra, Aberdeen, GCM Grosvenor and John Laing, under a public-private partnership with the North Carolina Department of Transportation.

The I-77 Express Lanes project involves the design, construction, financing, operation and maintenance of new tolled lanes along 26 miles of the I-77.

The remaining 11 miles of the toll lanes from Huntersville to uptown Charlotte will open in September or October.

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