Virginia to Pick Partner Soon for $2 Billion I-66 Toll Lane Project

Source: Jim Watts, Bond Buyer, August 8, 2016

Virginia plans to select the private partner in October for its $2 billion plan to add high occupancy toll lanes on Interstate 66 through a public-private partnership, while keeping open the public financing option. The final, detailed requests for proposals for the project were sent last week to investments teams short-listed for the project earlier this year. The state wants to toll the existing high-occupancy lanes along 25 miles on both sides of the interstate outside the Washington I-495 Beltway, and add a second express toll lane in each direction on the highway through Fairfax and Prince William counties. … The I-66 project will cost between $2 billion and $3 billion over the 50-year concession, according to the Virginia Department of Transportation. …

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Virginia looking to build E-ZPass Express Lanes on I-66 and I-95 to DC
Source: Emily Miller, FOX 5, April 16, 2015

Public-private partnerships for roads are popular in Virginia because politicians can build new lanes on congested roads without raising taxes or cutting spending…. They are all looking for the next place to add E-ZPass Express Lanes. Transurban — the company that spent billions to build the new Express Lanes on the beltway and I-95 — was asked what’s next. Expand up I-95 all the way to the D.C. bridges? I-66 outside the beltway?….