I-66 Express Mobility Partners has achieved financial close for the construction and operations of the Transform I-66 Outside the Beltway project.
I-66 Express Mobility Partners is lead by Cintra in partnership with Meridiam.
The project involves the development of 22.5 miles of managed lanes along the I-66 corridor between US Route 29 near Gainesville in Prince William County and Interstate 495 in Fairfax County in Northern Virginia. The more than $3.5 billion project will feature three toll-free general-purpose lanes and two express lanes in each direction with a state-of-the-art open-road electronic toll collection system. Expanded transit service, park-and-ride lots with 4,000 new parking spaces and interchange enhancements will further improve travel along I-66. The project will also connect several shared use paths to create more multimodal options.
Development of the project will be directed by I-66 Express Mobility Partners. Construction will be led by FAM Construction, a joint venture between Ferrovial Agroman and local contractor Allan Myers VA, Inc. The project is being developed as a public-private partnership with the private sector investing equity and assuming traffic performance risk that otherwise would be taken on by the state.
Construction is expected to begin by the end of 2017 and the express lanes are expected to open in 2022.
