Friday, February 27, 2009

Private sector proposals to beat gridlock

Click on the picture for a full view of the Project.

Dana Dickens, Hampton Roads Partnership (HRP) President/CEO and Commonwealth Transportation Board (CTB) member, chairs a 15-member independent review panel (including citizens, government officials and other organizational representatives) which will examine a private-sector proposal to expand the Midtown Tunnel, build the Martin Luther King Freeway Extension in Portsmouth and improve the Downtown Tunnel.

This is a $2 billion private sector proposal by Elizabeth River Crossings, LLC, led by Swedish construction giant Skanska and Macquarie Financial Holdings Limited, which proposes to construct, operate and maintain these thoroughfares for 50 years.

Input will be sought from localities and the public prior to evaluation and recommendation of the proposal. For more information about the process or to read the proposal, visit www.midtowntunnel.org.

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