North Carolina Construction News staff writer
Ferrovial, through a consortium led by its subsidiary Cintra Infraestructuras, was selected by the North Carolina Department of Transportation (NCDOT) as the apparent best value proposer to design, build, finance, operate and maintain the extension of the I-77 for $655 million.
The design and construction will be executed by a joint venture comprising Ferrovial Agroman and US construction company W.C. English.
The concession period for the new infrastructure is 50 years from the date it opens to traffic. Financial closure of the project is expected in the coming months.
Construction will begin in early 2015.
The design includes road widening, in both directions, along 26 miles of the I-77 in the metropolitan area north of Charlotte, between the junctions with the I-277 in Charlotte and the NC-150 in Iredell County. The project is divided into three segments.