On December 8, 2016, the Commonwealth signed a Comprehensive Agreement with Express Mobility Partners to build express lanes on I-66 Outside the Beltway. Express Mobility Partners, a consortium of Cintra, Meridiam, Ferrovial Agroman US and Allan Myers VA, Inc., will finance, design, build, maintain and operate the project under the Public-Private Transportation Act.

The winning bid will provide approximately $2.5 billion in construction, $800 million in net present value for transit capital and operating improvements over the term, $350 million in net present value for other corridor improvements over the term, and $500 million for other corridor improvements at financial close next year.  

For additional procurement documentation and information, please visit the VAP3 website.