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In Georgia, a major multi-million dollar infrastructure project is underway to reshape State Route 400.
The design and construction team began construction SR 400 Express Lanes Project Wednesday, according to an announcement by civil engineering firm ACS Group. The Georgia DOT effort will change about 16 miles of the highway, increase capacity and add express lanes. The total investment in the project is $10.8 billion, according to the announcement. Construction costs total $4.6 billion, according to FlatironDragados.
The announcement follows Georgia DOT’s timeline: In March, the agency announced construction would begin this month.
Atlanta-based FlatironDragados and Madrid-based Acconia Construction will lead construction. The Georgia DOT selected SR 400 Peach Partners, a JV of ACS Infra, Acconia and French asset manager Meridiam, as the project’s designer and builder in a public-private partnership.
The work will stretch from a transit station in Fulton County, Georgia, to McFarland Parkway in Forsyth County, according to the announcement. The construction team will create express lanes with dynamic pricing in each direction of travel.
Builders will also add more connections to the Interstate 285/SR 400 Interchange, an important stop for commuters and commuters in metro Atlanta. Railway infrastructure builder completed a $690 million contract add new ramps and lanes to the interchange by 2025.
Along with the connections, the team will add new bridges and technology systems throughout the corridor designed to optimize traffic flow and improve safety, according to the announcement.
A loan from the Law on financing and innovation of transport infrastructureswhich provides credit assistance to major infrastructure projects nationwide and can finance up to 49 percent of eligible project costs, will finance the construction, along with tax-exempt private activity bonds, according to the announcement.
The work of SR 400 is a key part Major investment program in mobility of Georgiawhich will review transit corridors across the state.
