- The consortium will design, build and partly finance the project
- The project will improve east-west and north-south communications on the beltway around Atlanta, Georgia
- The PATH 400 trail system will also be expanded
Ferrovial, through Ferrovial Agroman
, heads the consortium that has been selected by the Georgia State Transportation Board
(STB) to design, build and partly finance the I-285/SR 400 project, worth 460 million dollars (around 420 million euro).
The consortium, which also includes The Louis Berger Group
will rebuild the I-285/SR 400 interchange and upgrade the I-285 and SR 400. This segment of road, located north of Atlanta, is 10.5 miles long (around 16.5 kilometres).
Upgrades will include the construction of new flyover ramps, collector-distributor lanes and other elements to facilitate east-west movement on I-285 and north-south movement on SR 400. The PATH 400 trail system will also be expanded inside the perimeter.
The project will be financed with funds from federal, state and local (Perimeter CIDs)
sources as well as private funding provided by the consortium.
It is scheduled to be completed in 2020. A regular user of the corridor will save 8 hours of travel time per year, and the project should reduce delays for all users by 20,000 hours per day.
Ferrovial is one of the world's leading infrastructure operators and municipal services companies, committed to developing sustainable solutions. The company has 69,000 employees and a presence in over 25 countries. Its main business areas are: Services, Toll Roads, Construction
It is a member of Spain's blue-chip IBEX 35 index and is also included in prestigious sustainability indices such as the Dow Jones Sustainability Index and FTSE4Good.