U.S. Department of Transportation
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC 20590
202-366-4000


Skip to content U.S. Department of Transportation/Federal Highway AdministrationU.S. Department of Transportation/Federal Highway Administration

Home / Briefing Room / Press Releases

Briefing Room

Subscribe to FHWA Press Releases

Refocus. Reform. Renew. A New Transportation Approach in America, FightGridLockNow.gov - U.S. Department of Transportation, Office of Public Affairs, Washington, D.C., www.dot.gov/affairs/briefing.htm - News

FHWA 28-08Contact: Nancy Singer
Tuesday, December 23, 2008Tel.: (202) 366-0660

USDOT Agrees to $516 Million Loan to Construct Inter-County Connector

WASHINGTON -- Maryland's plans for congestion relief near Washington, D.C., got a boost from the U.S. Department of Transportation through its approval of a $516 million loan for the Inter-County Connector.

"The ICC will make the commute easier for drivers who suffer each day through some of the most congested highways in the nation," said Federal Highway Administrator Tom Madison.

The loan will help the Maryland Transportation Authority build the ICC, an 18-mile, six-lane limited access toll highway linking Prince George's and Montgomery counties. ICC tolls will vary according to traffic levels throughout the day, and drivers will pay tolls electronically to avoid waiting at tollbooths.

The ICC will also connect the I-270 and I-95/US 1 highways in the two counties where no contiguous high-capacity facility exists to accommodate east-west travel and local roads are experiencing extremely high traffic volumes.

"Open road, variable electronic toll roads are clearly the wave of the future," said Madison. "By using prices to manage capacity for this road, we can ensure that it never becomes congested."

The Maryland Transportation Authority will secure the loan and repay it with revenue from a number of toll facilities throughout Maryland, in addition to revenue generated by the ICC.

Flexible loan terms available through TIFIA make it possible to finance a broad variety of projects. The ICC loan is one of the largest ever made under the TIFIA program. The total cost for the project, estimated at more than $2.5 billion, will be funded also through GARVEE and other revenue bonds and state funds.

Madison added that the project was a priority project under the President's Executive Order on Environmental Streamlining and Stewardship. It is also one of the longest planned road projects in U.S. history.

# # #


FHWA Press Room

 

FHWA Press Releases

Page last modified on September 14, 2012.
Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000