Maryland Board of Public works in the USA has voted to approve the pre-development contract with Accelerate Maryland Partners (AMP). AMP consortium comprises Transurban and Macquarie Capital. The board approved a US$50 million contract to begin planning and designing the project and a 50-year lease of the toll roads on which AMP will collect the road tolls.
The US$6 billion toll lane project, if approved, would rebuild the American Legion Bridge, adding four high occupancy toll lanes for about 15 miles from the bridge to the I-270 interchange and up north to I-370 near Gaithersburg. It would also add toll lanes to a few spurs going east at the I-495/270 interchange. Most of the lanes would be built by repurposing current lanes. A later phase could add 21 miles of toll lanes on I-270 from I-370 to I-70 near Frederick.
Governor Larry Hogan said: "We are advancing one of the most significant infrastructure projects of the last 50 years, and one of the largest public-private partnerships in the world. This Traffic Relief Plan is a win for families, commuters, and small businesses. It will finally begin to solve the soul-crushing, worst-in-the-nation traffic that people have failed to address for 50 years. This project has the support of the overwhelming majority of Marylanders, and was recently advanced by the regional Transportation Planning Board.”
Texas Department of Transportation (TxDOT) has selected a joint venture of Fluor Corporation and Austin Bridge & Road to design, construct and maintain Phase 2 of the Interstate 35E (I-35E) project in the USA.
Read moreMacquarie Asset Management has announced the final close of Macquarie Infrastructure Partners V Fund (MIP V), reaching USD6.9 billion in commitments.
Read moreClackamas County has issued a request for qualifications (RFQ) seeking interested and qualified firms for the Clackamas County courthouse replacement PPP project in Oregon, USA.
Read moreThe city of Riviera Beach in Florida, USA has launched a request for qualifications seeking a private partner to develop a new Water Treatment Facility and Infrastructure at a city-owned site.
Read moreThe Metro Flood Diversion Authority (MFDA) has announced the winner to partner for the Fargo-Moorhead flood prevention PPP project in the USA.
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