Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: June 25, 2009

Project Name: Capital Beltway HOT Lanes Project
Year in Operation:
Sector: Transportation
Subsector: Roads
Status: Design / Construction
Type: New Facility
Description: The project will include the addition of two inner high occupancy toll (HOT) lanes along 14 miles of the Capital Beltway, decreasing the congestion and cutting commuting time in the metropolitan Washington, D.C area.
Delivery Method as described in the country where it's located: Public Private Partnership
Is the project still active: No
Comments: In partnership with the government, the private sector takes on the cost and risk of building and operating the HOT lanes in return for the right to collect tolls, although the state and federal government are providing a significant amount of funding. The construction contracts are design build, with a maintenance and operating period of 75 years.

Project Locations

City: Alexandria
State: Virginia
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: The toll lanes and renovations on the Capital Beltway will be constructed on land owned by the Commonwealth of Virginia.
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): The project includes a 75 year operating lease.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers: Under the concession agreement, the private companies building and operating the toll road will collect tolls from the users of the road. Motorists choosing to drive the HOT lanes will support repayment of the loans and bonds.

Arrow Right
Checkbox Checked

Direct Cash Support: The Commonwealth of Virginia has contributed $409 million grant funds for construction.

Arrow Right
Checkbox Checked

Credit Enhancements: Under the Federal government's Transportation Infrastructure Finance and Innovation Act (TIFIA) program, the project has received a $587 million loan.

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt

Checkbox Checked

From Producers as Equity: $349 million has been invested in private equity. An additional $586 million has been contributed in private activity bonds.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independant checking engineer? Yes
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Based Selection
Request for
Request for
for Bids

Term for Key Components & Forms of Contract

Project Component
Combined Term: Initial Design, Construction, O&M Period

Project Value (If and As Known)

Date of Estimated Project Value: December 20, 2007
Project Value
Hard Cost
Hard & Soft Costs
$1-5 Billion US
$500 Million - 2 Billion US


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