JOHN LAING SHORT-LISTED FOR FLAGSHIP CONGESTION RELIEF PROJECT IN NORTH AMERICA
John Laing Group plc (“John Laing”) is a responsible investor and active manager of infrastructure projects around the world. John Laing creates shareholder value through investing in sustainable greenfield infrastructure projects, and by actively managing these projects through construction and into operation.
The company has been short-listed for Phase 1 of the I-495 & I-270 PPP Program in Maryland, USA (the ‘project’).
The I-495 & I-270 PPP Program (the ‘Program’) is designed to provide congestion relief to five of the highest traffic volume highway sections in the State of Maryland with the implementation of dynamically priced additional lanes along the I-495 and I-270 corridors where average congestion has historically lasted seven to ten hours a day. As well as bringing more reliable journey times, the scheme will allow public transport and emergency vehicles use of the lanes at no charge. The Program’s total estimated capital cost is between US$9 and US$11 billion.
The Maryland Department of Transportation (“MDOT”) and Maryland State Highway Administration (“MSHA”) announced the short-list for the Design-Build-Finance-Operate-Maintain delivery model which includes a long-term operations and maintenance period. John Laing is part of the Capital Express Mobility Partners consortium together with partners Cintra, Ferrovial, Meridiam and Aecom.
Commenting on the short-list, John Laing Regional Managing Director, Anthony Phillips, said: “We are delighted with this news which draws upon our track record in transportation schemes across North America such as the I-75 Modernization Project (Michigan), the I-4 Ultimate (Florida), the I-66 (Northern Virginia) and the recently opened I-77 (North Carolina). We look forward to the next stage in the process when we hope to be working with MDOT, MSHA and our partners to deliver this crucial project for the State of Maryland.”