Gov. Terry McAuliffe’s administration has tabbed a set of private sector partners for a project to add high-occupancy toll lanes to Interstate 66 outside the Beltway, which could eventually expand public transit and carpooling options for Prince William County commuters.The Virginia governor announced on Nov. 3 that the state has picked I-66 Express Mobility Partners — a consortium of the Cintra, Meridiam, Ferrovial and Allan Myers companies — to build and maintain the new lanes.
Should that group finalize the arrangement with the state’s Department of Transportation by the end of the year, the group will build two new toll lanes from the Beltway to Gainesville. Though the project won’t require any up-front investment from the state, the companies will get to collect and set dynamic tolls (which change based on the amount of traffic) for the lanes for the next 50 years.
However, the consortium will have to chip in $500 million to the state’s transportation fund once the deal is finalized, and spend $800 million over the next five decades on transit projects in the area. The firms will also have to devote $350 million to the Northern Virginia Transportation Authority for I-66 related projects over that same time.
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