The first toll road project in the history North Carolina is on its way toward financial close after the US Department of Transportation approved a $386 million loan for the Triangle Expressway in the state’s populous Raleigh-Durham-Chapel Hill region.
The 18.8-mile roadway, part of a larger, yet-to-be completed beltway around Raleigh, will receive the loan under the department’s Transportation Infrastructure Finance and Innovation Act (TIFIA) credit programme for such projects.
