Meridiam-led Consortium Named Best Value Proposer by GDOT for the SR400 Express Lanes MMIP Project [Yahoo! Finance]
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Source: Yahoo! Finance
SR400 Peach Partners consortium (the "Consortium")— today announced its selection as Best Value Proposer for the SR400 Express Lanes MMIP Project (the "Project") by the Georgia Department of Transportation (GDOT). The Project is a 16-mile-long corridor in the north of Atlanta, which is anticipated to be upgraded and expanded to include additional dynamically-tolled free-flow express lanes in each direction, under an approximately 55-year design, construction, finance, operation and maintenance ("DBFOM") contract with State Road and Tollway Authority. The Project's design and construction will be carried out by a joint venture between Dragados and Acciona Construction, while the Consortium will set up a dedicated project company to self-perform operation and maintenance. The Project will be the first privately managed express lane project in Georgia The Project is focused on improving public accessibility and fostering local economic growth. The Consortium developed a design and an
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