MDOT Chooses Transurban for I-495/I-270 Project
The Maryland Department of Transportation and the Maryland Transportation Authority have chosen a consortium led by Transurban to handle the first phase of a major highway project in Montgomery County, the agencies announced Thursday afternoon.
The group, known as Accelerate Maryland Partners LLC, includes Tysons Corner, Va.-based Transurban USA and Macquarie Infrastructure Developments, a New York firm, as lead equity developers and lead contractors.
Dewberry Engineers and Stantec Consulting Services are the group’s designers.
The $11 billion project, announced by Gov. Lawrence J. Hogan Jr. (R) in 2017, would replace the American Legion Bridge and add four “high-occupancy toll” lanes to portions of the Capital Beltway (Interstate 495) and Interstate 270. The first phase of the project would cost about $3.7 billion.
The privately-funded lanes would allow motorists to pay tolls of varying amounts to bypass congestion in the existing lanes, which will remain free. If the state ultimately moves forward with the project, the developer will build and manage the lanes for 50 years and be responsible for maintenance on both the new and the existing lanes.
Read more: https://www.marylandmatters.org/2021/02/18/mdot-chooses-transurban-for-i-495-i-270-project/