Lessons learned from the Northwest Corridor project are helping the Georgia DOT plan toll lanes along I-285. Photo credit: Georgia DOT
ATLANTA – The Georgia Department of Transportation first turned to the private sector to help finance a major road-building project with the Northwest Corridor, adding toll lanes a few years ago to Interstate 75 in Cobb and Cherokee counties.
Now, the DOT wants to take the public-private partnership (P3) concept to a new level using its experience with the Northwest Corridor as a guide.
The agency is looking for a private partner interested in shouldering the lion’s share of the cost of a plan to build toll lanes along the Top End of heavily traveled I-285 from just north of its interchange with I-20 East to just north of the I-20 West interchange. Terms of the deal would be set out in a 50-year contract, up from the current 35-year contract governing the Northwest Corridor.
Georgia DOT planning larger private sector role in toll lanes projects
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‘Freight Alley’ wants in on Georgia’s truck-only lane project
Non-tolled, truck-only lanes first-of-its-kind project in US The CVL project is part of an $11 billion freight mobility plan. (Photo: Jim Allen/FreightWaves)
A Chattanooga, Tennessee-based business partnership is lobbying the state of Georgia to include “Freight Alley” in its plan to open truck-only lanes along Interstate 75.
Thrive Regional Partnership, which lists truckload carrier Covenant (NASDAQ: CVLG) as one of its investors, submitted comments to the Georgia Department of Transportation (GDOT) earlier this month asking that the agency consider the benefits of extending its commercial vehicle lanes (CVL) project along the I-75 corridor in northwest Georgia.
Thrive Regional Partnership Weighs In On Commercial Vehicle Lanes In Georgia Monday, December 21, 2020
Thrive recently responded to a request for public comment by the Georgia Department of Transportation’s Major Mobility Investment Program, particularly regarding Commercial Vehicle Lanes.
Safe and efficient freight movement is vital to economic growth, however, current conditions lead to congested freight corridors, bottlenecks, and limited truck parking, said officials. Trends suggest these concerns will only become more significant in the future.
In its public comment, Thrive suggested the adoption of regional strategies across greater lengths of the I-75 corridor to manage freight and infrastructure issues and strengthen economic development.