John Laing’s First Managed Lanes Project Sees Initial Section Open to Traffic
Northern Section of I-77 Express in North Carolina Brings Faster and Safer Journeys.
From 1st June, drivers in North Carolina have more choice when planning their journeys in the Charlotte area, as the first section of the new I-77 Express highway network opens to the public.
The $665m capex project is operated by I-77 Mobility Partners, made up of Cintra, Aberdeen, GCM Grosvenor and John Laing, under a public-private partnership (P3) with the North Carolina Department of Transportation (NCDOT). The new express lanes will ease congestion in the region and offer drivers more control over journey times, with the option of using existing toll-free lanes, the new express lanes or a combination of both.
“It’s great to see this project nearing completion,” said David Wylie, Asset Director for John Laing’s North America region. “This is a key project for John Laing and for North Carolina; as pressure increases on existing road networks and motorists spend more time on the highway, our consortium has been able to bring cost-effective, long-term solutions that help to keep the state moving. With the new service now starting, everyone can see the advantages this Public-Private-Partnership brings, delivering a very complex project in a shorter time-scale than might otherwise have been possible, together with 3,500 jobs created locally to build the project.”
I-77 Mobility Partners CEO, Javier Tamargo agrees: “The private investment in I-77 Express has been instrumental to deliver this project and other infrastructure improvements along the existing portion of I-77 sooner for the State of North Carolina and motorists.”
John Laing is an investor, developer and manager of responsible infrastructure and renewable energy projects which respond to public needs, empower sustainable growth and improve the lives of the communities in which it works. The I-77 is the first of the company’s managed lanes projects to go live, and John Laing is currently actively invested in a range of other highway improvement and managed lanes projects in the United States, alongside utility-scale renewable energy projects, including five solar facilities in North Carolina.
“The I-77 project is a great example of a consortium made of the best international experts teaming up to deliver a complex public project initiated by NCDOT. This is what P3s are about and this project demonstrates how they can contribute to improving US infrastructure in a cost-effective and timely manner. We are already involved in several other P3s throughout the United States and we hope that this successful I77 project will inspire other states to use P3s for the benefit of citizens and taxpayers,” said Anthony Phillips, Regional Managing Director for North America.
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