Virginia Chooses Spain’s Concesiones de Infraestructuras de Transporte & Partners for I-66

Governor Terry McAuliffe (D-Virginia) and his Department of (Road) Transportation has chosen Concesiones de Infraestructuras de Transporte, (Cintra), S.A. of Spain to build the privatized toll lanes on I-66 from I-495 to Prince William County.  Cintra will be joined by Meridiam, Allan Myers, Inc., and their peer company Ferrovial Agroman US. These companies will be members of a new company called I-66 Express Mobility Partners that will assume all project risk and contract with Virginia in a lengthy “comprehensive agreement” that will last over 50 years.

Cintra, S.A. based in Madrid is a subsidiary of Ferrovial, S.A., which is a large Spanish infrastructure and financing conglomerate.

Cintra will be responsible for the design, construction, revenue collection, rapid transit funding, noise abatement, storm water protection, and eminent domain property takings.  The announcement follows a procurement process that resulted in two finalists.  The other partnership was led by TransUrban of Melbourne, Australia.  TransUrban operates the I-495, I-395, and I-95 express lanes under contracts up to 74 years long.

 

 

 

 

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