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 four municipalities near Lake Norman. The project consists of constructing new express lanes, converting the current High Occupancy Vehicle (HOV) lanes to Express Lanes, repaving the general purpose 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 in Cornelius, and one express lane in either direction from Exit 28 in Cornelius to Exit 36 in Mooresville. Two major interchanges will be built at I-85 and I-277 in the City of Charlotte. Two direct connectors into the express lanes will be built at Hambright and Lakeview Roads.
Portions of the project require widening an existing roadway with 120,000 annual average daily traffic in one segment and 170,000 in another. To accommodate these large traffic volumes, construction will be completed without reducing the number of existing lanes during peak travel times.
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:||2018|
|End of Concession:||2068|
|Term of Concession:||50 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|