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

  • Integrated corridor management offers transportation efficiency
    May 28, 2013
    In the Intelligent Transportation Systems world, the concept of managing roadway or transportation corridors is not new. Smart Corridor concepts have existed for some time, such as the Santa Monica Smart Corridor system from the 1990s. Across the world, a new emerging model for operating roadway transportation networks called integrated corridor management (ICM) has emerged. This is particularly true in California, where several new ICM projects have or are being deployed. There is a new paradigm for corrid
    Read More
  • Road tolling is vital for good roads
    January 2, 2024
    Upcoming transportation projects are outlined in planning documents throughout America by Mary Scott Nabers
    Read More
  • California highway project – report published
    July 17, 2017
    The environmental impact report for California’s Northwest 138 Corridor Improvement Project has been completed. The report was produced jointly by the California Department of Transportation and the Los Angeles County Metropolitan Transportation Authority.
    Read More
  • Canada: LINK 427 wins Ontario’s Highway 427 Expansion contract
    March 16, 2017
    LINK 427 has been selected for the US$457 million design, build, finance and maintain contract for the Highway 427 Expansion project in Ontario province. The LINK team consists of ACS Infrastructure Canada, Dragados Canada, Bot Infrastructure, Brennan Infrastructures, MMM Group and Thurber Engineering. The project, in the Toronto area, includes a new 6.6km extension of Highway 427 from Highway 7 to Major Mackenzie Drive and widening of 4km from Finch Avenue to Highway 7. Work includes building thre
    Read More

Highlighted Content