Free Republic

The U.S. Department of Transportation’s Build America Bureau has finalized a direct loan of $225 million for the Interstate 10 Corridor Project, a critical step forward for one of the most highly anticipated regional transportation and mobility improvements in Southern California. Construction will begin in early 2020 on the four-year project in San Bernardino County, which will include the installation of express lanes (also known as toll lanes) between the Los Angeles County line (near Montclair) and Interstate 15 (just west of Fontana). The low-interest federal loan, which closed on May 3, is through the Transportation Infrastructure Finance and Innovation...

Washington, D.C. is the nation’s capital — and its suburbs could be moving towards becoming the nation’s capital of privately owned express toll lanes. The Virginia side of the Potomac has placed a big bet on such roadways, with 14 miles of pay lanes in the middle of the region’s famous Beltway, reversible toll lanes along 29 miles of I-95, and construction under way on three more highway segments. Last September, Maryland Governor Larry Hogan announced an even more ambitious plan for his side of the river, covering 77 miles of the Beltway and I-270. If these plans go forward,...

Gov. Ralph Northam announced Friday that Virginia has selected a contractor to build two new tunnels and widen a major highway in Hampton Roads. The $3.3 billion price tag — funded by regional gas and sales taxes, tolls and other sources — makes it one of the two biggest transportation projects in commonwealth history. Northam (D) touted the deal, saying he is “proud of the hard work and negotiations that have taken place over this past year,” and state Sen. Frank W. Wagner (R-Virginia Beach) in return offered praise for the embattled governor. “I want to personally thank Governor Northam...

North Carolina officials are trying to figure out how to unwind parts or all of a 2014 public-private partnership that is building managed toll lanes on a Charlotte-area highway.Ever since the ink dried on North Carolina’s first transportation P3 contract, the plan to relieve severe congestion in the Charlotte region has generated controversy.Public opposition remains just as fierce today to the project that will add express lanes on Interstate 77, even though more than one report says the deal with I-77 Mobility Partners LLC, a consortium led by Cintra Infraestructuras S.A., was properly authorized and permitted.The 26-mile-long project is designed...

The cost to construct the five-mile extension of the Gilcrease Expressway and the toll charged to motorists using it will be higher than initially reported, the executive director of the Oklahoma Turnpike Authority said Thursday.Tim Gatz told a group of local officials gathered in Tulsa for an update on the project that the roadway is now estimated to cost approximately $330 million to $340 million, or about 10 percent more than originally thought.Late last year, Gatz told the same working group that motorists driving private vehicles could expect to pay a toll of $1 to $1.50. The toll is now...

The southern, privately built section of Texas 130, which has been an obstacle course of bumps and cracks since shortly after its October 2012 opening, will see $60 million of pavement repairs over the next year in 35 spots between Mustang Ridge and Seguin. Crews in many cases will be removing five feet or more of the road’s “sub-base,” the treated and compacted soil layers that underlie the highway’s asphalt driving surface, replacing it with soil with different, stronger properties, and then repaving those rehabilitated sections. Some repairs will also include installation of impermeable layers of soil alongside the road...

A Look Into the Opaque Crystal Ball for Infrastructure Initiatives in the First 100 Days of the Trump Administration President Donald J. Trump's "America's Infrastructure First" plan is one of the Trump Administration's priorities during his first 100 days in office. Throughout the campaign, President Trump heralded his plan to build and restore highways, tunnels, airports, bridges, and water systems across America and promised a $1 trillion investment in the infrastructure sector over a 10-year period. Leaders from both parties acknowledge the nation's deteriorating infrastructure, and there have been expressions of support from both sides of the aisle for some...

SH 130 Concession Company LLC finalized the legal details of a financial close with Texas DOT on a $1,360m toll concession to build SH130 segments 5&6 Thursday and Friday last week in bankers' offices in New York City - at Orrick, 666 Fifth Avenue. The actual money flows should occur on Thursday or Friday (Mar 13 or 14) this week, Jose Maria Lopez de Fuentes, president of Cintra North America, told us this morning. Hundreds of documents and over 20 lawyers were involved last week representing TxDOT, private equity people, banks, mostly European, the TIFIA loan group from FHWA, and...

Officials with the Spanish toll road operator Cintra have announced that the company has secured $430 million in loans from the U.S. government to build and operate two segments of a toll road in central Texas. Cintra officials announced the company’s financial plan for the $1.36 billion Highway 130 segments on Monday, March 10. OOIDA Senior Government Affairs Representative Mike Joyce told Land Line that the Association does raise red flags when federal dollars are used to subsidize private investors. Officials with the Owner-Operator Independent Drivers Association are not, however, categorically opposed to a state using future toll revenue to...