VDOT Advances Toll Road Privatization Plans
From today's Metro section:
The Virginia Department of Transportation yesterday moved forward four proposals to privatize the Dulles Toll Road.
State officials advanced proposals put forth by Macquarie Infrastructure Group, Autostrade, John Laing and IIG; Cintra USA Corp.; Franklin L. Haney Co.; and Transurban and Goldman Sachs. The agency determined that a fifth proposal, by Virginia Mobility Associates, did not merit further review.
The next step is for the state to name a panel of transportation experts to review the four proposals and recommend one or more for final consideration. The panel will be named in the next two months, and its review could take as long as a year.
VDOT said each of the groups would pay about $1 billion to operate, maintain and collect tolls on the Dulles Toll Road for 50 years. The groups also propose making improvements to the road, its entry and exit ramps and its tollbooths.
December 8, 2005; 10:31 AM ET
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