Highways expansion project in Los Angeles area

A loan worth US$629 million will help pay for a highway upgrade for the I-405 route in Orange County, California. The stretch of I-405 connects with Costa Mesa, on the southern side of Los Angeles. The federal loan is being provided by the US Department of Transportation to the Orange County Transportation Authority (OCTA). The work is to upgrade a 22.4km stretch of I-405 between its junction with the I-605 Interstate, close to Rossmoor, and the SR 73 route at Costa Mesa, which connects with the nearby John
August 9, 2017 Read time: 2 mins

A loan worth US$629 million will help pay for a highway upgrade for the I-405 route in Orange County, California. The stretch of I-405 connects with Costa Mesa, on the southern side of Los Angeles. The federal loan is being provided by the 2364 US Department of Transportation to the 3300 Orange County Transportation Authority (OCTA). The work is to upgrade a 22.4km stretch of I-405 between its junction with the I-605 Interstate, close to Rossmoor, and the SR 73 route at Costa Mesa, which connects with the nearby John Wayne Airport. In all this highway upgrade project is expected to cost $1.9 billion, with work scheduled to commence in 2018 and finish in 2023. The rest of the financing package for the project has yet to be announced. New lanes will be added in both directions, including express lanes that will be tolled except for vehicles with multiple occupants.

Finance & Funding

For more information on companies in this article

Related Content

  • Atlanta SR 400 Express Lanes project awarded
    September 2, 2024
    The 20km project, awarded by the Georgia Department of Transportation in the US, went to the SR 400 Peach Partners, that includes ACS, Acciona and Meridiam.
    Read More
  • Chile-Argentina Agua Negra Tunnel progress
    February 16, 2018
    The names of the contractors offering bids for the new Agua Negra Tunnel project connecting Chile and Argentina will be revealed in March 2018. Several firms have already expressed a keen interest in this major engineering project. Contractors that have expressed interest include CRS, a consortium comprising China Railway Tunnel Group and Benito Roggio e Hijos. In addition, Ingenieria y Construccion Sigdo Koppers and OHL are also interested in the project as are the firms Rovella and Condotte. The project
    Read More
  • Texas highway loan stars revealed
    April 27, 2012
    A loan of US$415million from the US government’s Transportation Infrastructure Finance and Innovation Act programme will help meet the cost of building toll lanes and rebuilding existing lanes at the Interstate 35 highway (I-35W) near Fort Worth, Texas. The works are part of the $2.5billion North Tarrant Express project, which is currently under construction in the northeastern part of Tarrant County, Texas. A consortium of companies led by Spanish toll road developer Cintra, NTE Mobility Partners is behind
    Read More
  • $337 million NC road deal for Lane
    July 18, 2025
    Lane Construction has won a $337 million road deal for NC.
    Read More

Highlighted Content