Congestion relief, business opportunities, economic growth and more travel options coming soon to the I-77 corridor.
In 2014, a Cintra-led consortium was selected to develop the I-77 Express Lanes project in Charlotte, N.C. The 26-mile project will connect a metropolitan area in the northern part of Charlotte with residential areas near Lake Norman. The project consists of rebuilding the general purpose lanes along the corridor, converting the current High Occupancy Vehicle (HOV) lanes to Express Lanes, constructing new express lanes, and implementing a dynamic pricing toll system.
There will be two express lanes on I-77 in each direction between Charlotte and exit 28 and one express lane in either direction from exit 28 to exit 36 to minimize environmental impacts on Lake Norman. Two major interchanges will be built at I-85 and I-277 in the City of Charlotte. Construction will include both managed lanes and general purpose lanes built in three segments of the I-77 to reduce impact on the traveling public.
Portions of the project require widening an existing roadway with 120,000 annual average daily traffic in one segment and 180,000 in another. To accommodate these large traffic volumes, construction will be completed without reducing the number of existing lanes during peak travel times. This will allow traffic to continue to flow as it does today prior to construction beginning.
Once completed, the I-77 Express Lanes will help foster new economic development along the corridor while enhancing access to existing businesses, which translates to new jobs and sales tax revenue for the cities located along and near the corridor. As travel times are reduced, businesses in the corridor will become more accessible to a larger number of customers from neighboring areas.
|Facility Type:||General purpose and tolled managed lanes|
|Start of Concession:||2014|
|End of Concession:||2058|
|Term of Concession:||44 years|
|Concession Company:||I-77 Mobility Partners, LLC|
|Client:||North Carolina Department of Transportation|
|Equity Structure:||50.1% Cintra Infraestructuras S.A; 29.9% Other Investor; 10% John Laing; 10% Aberdeen|