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I-77 EXPRESS Lanes Charlotte, NC
25-April-2017 The Center for Transportation Public-Private Partnership Policy
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Project Overview
• 26 miles of dedicated toll lanes that operate adjacent to the existing general purpose lanes
• Divided in 8 segments to provide ample connectivity to the existing road network.
• Dynamic pricing to keep traffic moving
at consistent speeds for reliable travel times
• The same number of existing free lanes will remain along the entire highway in both directions
• Drivers decide to use the express lanes, the general purpose lanes or a combination of both
• Free access to express lanes for emergency vehicles, motorcycles and vehicles with three or more people using a transponder
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2009: A feasibility study considering converting existing HOV lanes on I-77 to Express Lanes and extending the converted lanes to Catawba Avenue (Exit 28) in Cornelius.
2011: NCDOT decided to approach the project as a P3 and the MPO amended the Long Range Plan to include Express Lanes on I-77.
2012: Final scope of the project is defined.
2013: 4 teams are pre-qualified to submit a bid.
2014: Project is awarded and Comprehensive Agreement is executed.
2015: Financial Close, Commencement of Construction.
• Public Funds $95 million,
• Private Equity $248 million,
• Debt $293 million.
2018: Scheduled Opening.
Timeline of the Project
April 25, 2017
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Project Improvements
A correct alignment of incentives in the P3 structure has driven a number of changes with a positive impact in the project.
1. Improved access to Charlotte’s financial district.
• Redesign I-77/I-277 Interchange.
2. Improved configuration of intermediate entries and exits:
• Additional intermediate entries and exits.
3. Additional access points.
• I-85 Connectors.
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I-77/I-277 Interchange
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New entries and exits
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New entries and exits
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Express Lanes
General Purpose Lanes
Entrance Only Zone
Exit Only Zone
Express Lanes
General Purpose Lanes
Transfer Area
Express Lanes
General Purpose Lanes
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I-85 Direct Connectors
April 25, 2017
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Project Improvements
These changes result in:
• Reduced construction complexity, utilities and ROW.
• Increased accessibility to the Express Lanes for its users.
• Increased potential use of the Express Lanes and reduction of
congestion.
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Under Construction
April 25, 2017