Location |
Montgomery and Prince George's County, Maryland |
Project Sponsor / Borrower |
Maryland State Highway Administration (SHA) Maryland Transportation Authority (MdTA) |
Program Areas |
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Fiscal Year Approved |
Fiscal Year 2009 |
Mode |
Toll Highway |
Description |
The Intercounty Connector (ICC) is a toll highway under construction in Maryland. The road will link existing and proposed development areas between the I-270/I-370 and I-95/US 1 corridors within central and eastern Montgomery County and northwestern Prince George's County. The finished highway will be approximately 18 miles in length, and have six lanes in total. The ICC was initially planned as a spur off of the region's proposed second Beltway. The ICC project has been the focus of various studies and debates since the 1950s and finally started construction in 2007. The finished highway will have a variable tolling structure based on peak and off-peak travel times. Toll collection will be fully electronic, allowing toll collection without significant traffic delays. The road is also expected to stimulate new transit growth through the creation of additional express bus routes along the corridor. |
Cost |
$2,566 million (current cost to complete per the 2010 financial plan) |
Funding Sources |
Federal funds:
State funds:
Future Anticipated Funding (deferred work on I-95 collector/distributer system until FY2017-FY2019) - $103 million |
Project Delivery / Contract Method |
Design-Build |
Private Partner |
None |
Project Advisors / Consultants |
Design-Builders
To USDOT TIFIA JPO:
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Lenders |
Bondholders, USDOT TIFIA |
Duration / Status |
The Final Environmental Impact Statement was approved in January 2006 and Record of Decision was issued in May, 2006. Construction began in mid-2007. A seven-mile initial section opened in February 2011 (Contract A). The remaining mainline road (Contracts B & C) opened to traffic in November 2011. Contracts D & E were combined and modified and are expected to open in Spring 2014. |
TIFIA Credit Assistance |
Direct loan: $516.0 million. The TIFIA loan will be repaid using net toll revenues from the Maryland Transportation Authority. |
Financial Status / Financial Performance |
Committed funding has been secured for 96 percent of the total project cost. The TIFIA loan agreement was signed December 19, 2008. TIFIA interest payments are scheduled to begin in 2013 and principal payments will begin in 2018 with final repayment in 2046. |
Innovations |
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Related Links / Articles |
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Contacts |
ICC Project Team Contact Information |