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Project Profiles

I-485 Charlotte Outer Loop

Location	Charlotte, North Carolina
Project Borrower / Sponsor	North Carolina Department of Transportation (NCDOT)
Program Areas
Mode	Highway
Description	This project involves the construction of a new 5.1-mile, eight-lane section of interstate from west of NC 115 (Old Statesville Rd.) to west of I-85 north of Charlotte. This is the last segment of the I-485 Outer Belt around Charlotte and will connect I-77 to I-85. Related but separate projects in the completion of the I-485 Outer Loop include the widening of six miles of I-85 from four to eight lanes and the upgrade of the interchange between I-485 and I-85.
Cost	$139.5 million
Funding Sources	GARVEE bonds, State Transportation Trust Fund disbursements, contractor financing to be repaid by future General Assembly appropriations based on an availability payment schedule conveyed in the contract.
Project Delivery/Contract Method	DBF (design-build-finance)
Private Partner	Blythe Construction Inc./Wilbur Smith Associates (now CDM Smith)
Project Advisors/Consultants	Not available
Lenders	None
Duration/Status	Construction began summer 2011 Expected construction completion December 2014
Financial Status	Under this DBF contract, the design-builder is completing construction over 4.5 years and has agreed to an “extended payment schedule” of 5.5 years.
Innovations	North Carolina’s first DBF project estimated to accelerate project delivery by five years.
Related Links/Articles	NCDOT Project Website Construction Contract Award News Release
Contacts	Jen Thompson NCDOT Division 10 2327 Tipton Drive Charlotte, NC 28206 (704) 347-6618

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