Maryland transportation officials invite companies to hear details of highway expansion and tolling plan
The Washington Post » A Dec. 13 forum is scheduled for companies interested in a public-private partnership to add express toll lanes to the Capital Beltway and Interstate 270 via a $7.6 billion public-private partnership. Under the agreement, a team of companies would design, build and finance the lanes’ construction in exchange for operating the lanes and collecting toll revenues long-term. The bid process is expected to take up to two years.
Bethesda Magazine » Maryland Transportation Secretary Pete Rahn on Thursday revealed more information about Gov. Larry Hogan’s proposal to add capacity to congested highways in Montgomery County. Rahn said the state is pushing to add four toll lanes to the entire Capital Beltway and Interstate 270 through a public-private partnership. The private partner would figure out how to pay for an estimated $7.6 billion project to add the lanes to the two highways through toll revenue.
Construction Equipment Guide » The announcement officially begins the process to solicit the Public-Private Partnership (P3) industry for major congestion relief plans for three key transportation routes. With the total project estimated value at $9 billion, the P3 portion to add four new lanes on both I-495 and I-270 is the largest proposed P3 highway project in North America.