The Virginia Department of Transportation (VDOT) terminated the $300 million public-private partnership (P3) contract with US 460 Mobility Partners. The P3 project to build a new 55 mile stretch of highway never broke ground, but the state has already paid $252 million to the consortium. Negotiations are underway to determine how much of the taxpayer money will be returned to the state.
VDOT severs ties with builders over new U.S. 460
By Michelle|2016-11-19T00:51:29-08:00April 15, 2015|Public-Private Partnerships, Roads, Virginia|Comments Off on VDOT severs ties with builders over new U.S. 460