Build America provides US$1.5 billion for 495 Northern Extension PPP project in Virginia
U.S. Department of Transportation has announced that the Build America Bureau provided a US$1.05 billion low-interest loan to Capital Beltway Express, LLC. The loan will refinance an existing loan for the Capital Beltway express lanes and construction of a northern extension called the 495 NEXT Project. Capital Beltway Express LLC is a joint venture of Fluor and Transurban.
There are currently 14 miles of tolled express lanes (two in each direction) on Interstate 495 (Capital Beltway) in Fairfax County, Virginia. The 495 NEXT will extend the express lanes by 2.5 miles from the Dulles Access Road to the George Washington Memorial Parkway near the state line.
Country updates
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March 09, 2022
Financial close reached for 495 Express Lanes Northern Extension PPP project in Virginia
Transurban has achieved financial close on the 495 Express Lanes Northern Extension project (NEXT). The NEXT project envisions four kilometer extension of existing 495 Express Lanes towards Maryl...
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March 09, 2022
RFP launched for ARA rural broadband PPP project in Ames
The Iowa State University of Science and Technology (ISU) has launched a Request for Proposal seeking qualified contractors to assist with important aspects of the ARA rural broadband projec...
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March 04, 2022
Preferred bidder selected for Affordable housing PPP project in Dare County
The Dare County has announced the selection of consortium Coastal Affordable Housing as a preferred bidder for the development of Essential and Workforce Housing projects in Dare County, the USA. The...
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March 04, 2022
RFP launched for Hotel and Conference Center PPP project in Larimer
The Board of Larimer County Commissioners has issued a Request for Proposals (RFP) for interested developers to deliver a new full-service hotel and conference center facility (Hotel) within...
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March 03, 2022
Annapolis City Council approves Hillman Garage project in USA
The City Council of Annapolis in the USA has approved the execution of the agreement between the City and Annapolis Mobility & Resilience Partners (AMPR) for the development of the Parking Facilit...
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