A Transurban and Macquarie Capital-led consortium has won a bid to design and build a US road project.
Accelerate Maryland Partners (AM Partners) has been selected as the developer to perform predevelopment work and deliver the American Legion Bridge I-270 to I-70 Relief Plan in Maryland.
The new express lanes will connect to extensions now advancing on the I-495 Virginia Express Lanes network, including the 495 Northern Extension project.
Pending the Maryland Board of Public Works approval of AM Partners as the developer in the fourth quarter of the year, a final concession agreement, financial close and construction work is expected in late 2022.
Mark Bradshaw, head of infrastructure projects, Europe and Americas at Macquarie Capital, said: “This is a generational opportunity to advance Maryland’s transportation infrastructure and drive lasting economic impact for the local community.
“Our development plan is underpinned by local partnerships with the community and educational institutions to develop and train the workforce and create opportunity for local minority and disadvantaged businesses enterprises.”
To read the digital edition of the latest IPE Real Assets magazine click here.