Technical Advisory Services, FHWA - $4B I-64 Hampton Roads Bridge-Tunnel Project
Infrastructure Advisors was awarded the first Technical Advisory Services project from FHWA, for due diligence before financial close for two tranches of TIFIA loans totaling $1.3 Billion. The Project connecting Hampton and Norfolk in Virginia, addresses one of the region’s most significant chokepoints by adding more capacity to the Hampton Roads Bridge-Tunnel and adjacent segments of the I-64 corridor. The new tunnels and their approach bridges will accommodate additional four lanes of traffic for a total of eight lanes of capacity across the water. The Project’s new tunnels will carry eastbound general-purpose and High Occupancy Toll (HOT) traffic. The existing eastbound tunnel is being converted to carry westbound HOT traffic. The HOT lanes will ultimately be combined into a network with other HOT lanes in the region, In addition to the new tunnels, the Project will widen the landside four-lane sections of I-64 in Hampton as well as the four-lane sections of I-64 in Norfolk. To accommodate the roadway widening, the Project will rehabilitate or rebuild 30 interstate bridge structures.
