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

  • Southern Ohio Veterans Memorial Highway ready for construction
    April 13, 2015
    Construction is about to start on the first public-private partnership highway project in the US state of Ohio. The Southern Ohio Veterans Memorial Highway, near the city of Portsmouth, will cost nearly US$228 million and is scheduled for completion in 2019, according to the Ohio Department of Transportation (ODOT). The Portsmouth Gateway Group will build the 25.8km, four-lane limited access highway from U.S. Route 23 north of Lucasville to U.S. Route 52 near Sciotoville. An ODOT statement said tha
    Read More
  • Colorado construction contract coming
    December 6, 2017
    Construction for a key congestion cutting contract in Colorado is coming shortly.
    Read More
  • US$346 million Charlotte, NC highway works
    August 16, 2024
    The US$346 million I-485 highway project for Charlotte, NC is underway.
    Read More
  • New Argentina highway construction work
    January 11, 2019
    Construction is underway for Argentina’s new Mendoza-San Juan Highway – Mauro Nogarin reports The rehabilitation and maintenance works of more than 3,300km of routes is now underway in Argentina. This followed on after the takeover of six new road corridors under the Public-Private Partnership (PPP) model, which took place in August 2018. The rehabilitation and maintenance works are being carried out prior to the start of the main projects, which will include the construction of highways. Building these
    Read More

Highlighted Content