A private consortium said Wednesday that it has selected a lead construction contractor to build toll lanes on part of Interstate 270 and the Capital Beltway in Maryland.
Australian toll road operator Transurban and Australian investment bank Macquarie said they have chosen a team of companies led by Los Angeles-based Tutor Perini Corp. to design and build the first 14-mile segment of toll lanes. It would include the western part of Maryland’s Beltway, a new and wider American Legion Bridge, and I-270 between the Beltway and I-370.
First, however, Transurban would need to clinch a 50-year contract with the Maryland Department of Transportation for the private consortium to finance, build and operate the toll lanes in exchange for keeping most of the toll revenue.
Click here to read the rest of the article written by Katherine Shaver over at The Washington Post
