GDOT's Northwest Corridor Project Invited to Apply for TIFIA Loan
On July 19, 2011, the Georgia Department of Transportation issued a press release stating that GDOT was invited to apply for a TIFIA loan in the amount of $270 million for the Northwest Corridor Project – a project to add managed lanes along I-75 and I-575 in the metro Atlanta region with approximately $968 million in capital costs. The press release followed an announcement by Governor Nathan Deal that the procurement of the Northwest Corridor Project will proceed to the next phase through the issuance of a final Request for Proposals. Three consortia – consisting of major national and international companies – have been shortlisted to submit proposals to design, build, finance, operate and maintain the Northwest Corridor Project.
The Northwest Corridor Project will be the largest transportation infrastructure project in Georgia to date and is expected to generate over 9,700 jobs statewide. The Northwest Corridor Project is the cornerstone of GDOT’s Managed Lanes System Plan, which is a plan to construction a $16.2 billion managed lanes network in the metro Atlanta region.
