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

  • Key project for US commences
    February 14, 2012
    In the US work is now commencing on the key I-269 highway upgrade at Byhalia in the state of Mississippi. The new US$19.5 million section now under construction will complete the beltway around nearby Memphis, Tennessee.
    Read More
  • $66 billion for Florida transport infrastructure
    March 11, 2025
    $66 billion will be spent on Florida’s transport infrastructure over the next five years.
    Read More
  • Laos highway construction proposal
    January 17, 2017
    Plans are being put forward for a 14km highway project in Laos capital Vientiane. The aim of the project would be to help ease the city’s chronic congestion problems. The proposals call for the construction of a six lane highway, carrying three lanes of traffic in either direction. The proposed route runs from Xaysettha district's Lao International Trade Exhibition and Convention Centre (Lao-ITECC) to Xaythany district's Dongmakkhai village, alongside the existing Kaysone Phomvihane Road. The project ha
    Read More
  • VIDEO: Virginia approves Hampton Roads Bridge Tunnel expansion
    December 12, 2016
    The US state of Virginia has approved a US$4 billion project to expand the Hampton Roads Bridge Tunnel close to the city of Norfolk.

    The state has been looking at designs for the past 20 years to improve traffic flow in the area, according to a report in the Virginian-Pilot newspaper. Hampton Roads is a body of water making up one of the world's largest natural harbours. The existing structure is close to the US Navy's Atlantic Fleet home base at Norfolk.
    Read More

Highlighted Content