The loan supports the State Route 400 Express Lanes Project, a public-private partnership between the Georgia Department of Transportation (GDOT), the State Road and Tollway Authority (SRTA), and SR 400 Peach Partners, LLC (Peach Partners). The Project will add new tolled express lanes in both directions along a 16-mile section from the Metropolitan Atlanta Rapid Transit Authority (MARTA) North Springs Station to McGinnis Ferry Road, one express lane in each direction from McGinnis Ferry Road to the Project’s terminus north of McFarland Parkway, and other related improvements.

While facilitating current MARTA and XPress bus connections, Peach Partners will also deliver $75 million in future bus rapid transit (BRT)-related improvements and provide $26 million in additional funding for further BRT improvements. MARTA will operate the future BRT system, which is expected to share the express lanes for approximately 12 miles.

The joint project calls for Peach Partners to provide a $3.8 billion concession fee to GDOT that can help fund other roadway projects as part of the public-private partnership agreement to design, build, finance, operate, and maintain the express lanes.

USDOT previously allocated up to $3.4 billion in Private Activity Bonds to this project, bringing the total investment to approximately $7.5 billion.

Read the release.