John Laing Group plc has announced that it has committed to invest an additional US$38.6 million to increase its shareholding in I-77 Mobility Partners (I-77MP), the company developing and operating the I-77 Express Lanes project in Charlotte, North Carolina. The Group is acquiring an additional 7.45% interest from an existing partner, increasing its overall shareholding in the project to 17.45%. The acquisition is expected to complete by the end of 2020 subject to customary conditions.

I-77 Express Lanes is a public-private partnership between the North Carolina Department of Transportation (NCDOT) and I-77MP to increase capacity and reduce congestion on the existing highway in both directions through widening 26 miles of highway and adding managed lanes.