Financial close reached for USD1 billion Expressway PPP project in USA
Transurban has achieved financial close on the 495 Express Lanes Northern Extension project (NEXT) in the USA.
The project involves the design, construction, financing and maintenance of a new, reversible ramp connecting the existing 95 Express Lanes at Opitz Boulevard, and a new southbound Occoquan auxiliary lane on Interstate 95 in Woodbridge. As part of the project, the existing 495 Express Lanes will be extended four kilometers towards Maryland, which will improve congestion levels in the local area. The construction of new bicycle and pedestrian connections is also planned.
Transurban raised US$394 million in debt financing for the development. The project will also benefit from the refinancing of its existing debt facilities. Operis acted as financial advisor for Transurban.
Country news
-
-
February 24, 2022
Tender issued for Civic Center PPP project in USA
The city of Garden Grove in California, USA has launched a tender seeking a technical consultant for the development of municipal government buildings within a Civic Center campus of Garden Grove city.
Read more -
February 09, 2022
Tender issued for building PPP project in USA
The Alachua County Commission in Florida, USA has launched a request for proposals (RFP) seeking private partner for the development of County Administration Building.
Read more -
February 08, 2022
Tender issued for Utility system PPP project in USA
The University of Louisville has issued a tender seeking a private partner to manage its on-campus utility production and distribution systems.
Read more -
February 04, 2022
USD309 million contract approved for Smart Street Lighting PPP in USA
Council of the District of Columbia in Washington DC, USA has approved the contract with Plenary Infrastructure DC (PIDC) to provide smart lighting network in Washington DC.
Read more -
January 24, 2022
Gilbane secured US$200 million student housing concession in USA
Eastern University Michigan in the USA has selected Gilbane Development Company JV for development of US$200 million student housing concession.
Read more
