Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: November 30, 2016

Project Name: Dulles Greenway (Dulles Toll Road Extension)
Year in Operation: 1995
Sector: Transportation
Subsector: Roads
Status: In Operation
Type: New Facility
Description: Privately financed 14-mile toll road from Dulles International Airport west of Washington DC to the west toward Leesburg.
Delivery Method as described in the country where it's located: Build Own Operate
Is the project still active: Yes
Comments: Early Design Build Finance Operate project in VA, authorized in July 1989 and built between 1993 and 1996.

Project Locations

Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: That portion of the project on the grounds of Dulles International Airport was leased to the private developer by the Metropolitan Washington Airports Authority.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Ten Insitutional investors led by three major project investors provided $250 million in long term debt to finance construction and initial operations. A second group of banks provided the balance of construction financing and a $40 million revolving credit facility.

Checkbox Checked

From Producers as Equity: Owner/Developer group, including operator and constructor, invested $38 million in equity, and provided a $46 million irrevocable line of credit in support of the sufficiency of initial revenues.

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 independent checking engineer? No
Project Finance Method: All By Private 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
Special agreement between the parties. 

Project Value (If and As Known)

Date of Estimated Project Value: September 11, 2008
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
> $50 Million US
$200-500 Million US


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