Consortium wins US$648 million highway project

I-77 Mobility Partners, a consortium led by Cintra Infraestructuras, a subsidiary of Ferrovial, has finalised a US$648 million contract with the North Carolina Department of Transportation. The group will design and construct 26 miles of toll lanes on Interstate 77 in North Carolina.
May 27, 2015 Read time: 2 mins

I-77 Mobility Partners, a consortium led by 5428 Cintra Infraestructuras, a subsidiary of 4419 Ferrovial, has finalised a US$648 million contract with the North Carolina Department of Transportation. The group will design and construct 26 miles of toll lanes on Interstate 77 in North Carolina.

The project will help resolve the region’s current and future congestion problems with express lanes on 26 miles of I-77, which currently has one high occupancy vehicle (HOV) lane in each direction. The project will convert those HOV lanes to express lanes and a second express lane will be built alongside.

The concession will last for 50 years, starting from the date it opens to traffic, which is scheduled for 2018.

Cintra will develop this project, while the design and construction will be undertaken by a joint venture comprising Ferrovial Agroman and US construction company W.C. English. The design includes widening 26 miles of highway in both directions on the I-77 in the northern part of the Charlotte metropolitan area, between connections with the I-277 in Charlotte and the NC-150 in Iredell County.

The project is divided into three section, and the existing road will be rebuilt, increasing its capacity by creating managed lanes (with variable electronic tolls) to improve traffic flow. This is Cintra’s fourth managed lanes project in the US.

Charging, Tolling & RUC

Related Content

  • February 15, 2017
    Cintra, Plenary team up to compete for Australian toll road projects
    Cintra and Plenary, which have a long history of partnering on infrastructure projects, have combined to create a joint venture business to compete in the Australia and New Zealand road infrastructure market, with a focus on toll road and concession projects. Netflow brings construction capability through Cintra’s sister business Ferrovial Agroman. Cintra CEO Enrique Diaz-Rato said Netflow will play an important role in creating competition in the sector by looking to develop roads with a sharp focus on
    Read More
  • May 3, 2012
    Texas highway loan stars revealed
    A loan of US$415million from the US government’s Transportation Infrastructure Finance and Innovation Act programme will help meet the cost of building toll lanes and rebuilding existing lanes at the Interstate 35 highway (I-35W) near Fort Worth, Texas. The works are part of the $2.5billion North Tarrant Express project, which is currently under construction in the northeastern part of Tarrant County, Texas. A consortium of companies led by Spanish toll road developer Cintra, NTE Mobility Partners is behi
    Read More
  • September 20, 2013
    Funding agreed for reconstruction of Fort Worth I-35W
    A significant milestone in the redevelopment and expansion of Interstate 35W in Fort Worth, one of the most critical and most-congested corridors in the North Texas region and in the country has been achieved by NTE Mobility Partners Segments 3 LLC (NTEMP3). They have reached financial agreement on Segment 3A of the North Tarrant Express (NTE), paving the way for the reconstruction and expansion of the interstate. The project is being financed through a unique combination of public and private funds: US$
    Read More
  • May 1, 2025
    Three for Q-Free in the US
    Kinetic Mobility will be used in Denver, Washington DC and Dallas-Fort Worth
    Read More

Highlighted Content