The Maryland Transportation Authority (MDTA) which oversees the state’s toll roads voted unanimously to approve our consortium, Accelerate Maryland partners, as the selected Developer for Phase 1 of the Maryland Express Lanes Project (also known as the American Legion Bridge I-270 to I-70 Relief Plan).
Set to be the largest P3 in the U.S., the vote moves the Phase P3 agreement for the project to the next governing body for approval. MDTA's vote begins a 30-day government review period before Maryland's Board of Public Works (BPW) is expected to provide its approval of the Phase P3 Agreement. The concession agreement specifically for Phase 1 South, the first segment to be constructed, will go back to BPW prior to financial close in late 2022. Recently, Maryland's Secretary of Transportation determined that it is in the state's best interest to advance approvals without delay despite a pending protest of the bid selection
The vote also cleared the way for the partnership’s launch of a competitive bid process to select the design and construction contractor(s). The partnership will host an Industry Day event for interested bidders in advance of the two-step RFQ/RFP procurement. More details can be found here.
Transurban and Macquarie were chosen by Maryland in February 2021 as the preferred Developers to deliver new dynamic express lanes across 37-miles [60km] of congested corridors connecting Maryland’s suburbs.