Highways expansion project in Los Angeles area

A loan worth US$629 million will help pay for a highway upgrade for the I-405 route in Orange County, California. The stretch of I-405 connects with Costa Mesa, on the southern side of Los Angeles. The federal loan is being provided by the US Department of Transportation to the Orange County Transportation Authority (OCTA). The work is to upgrade a 22.4km stretch of I-405 between its junction with the I-605 Interstate, close to Rossmoor, and the SR 73 route at Costa Mesa, which connects with the nearby John
August 9, 2017 Read time: 2 mins

A loan worth US$629 million will help pay for a highway upgrade for the I-405 route in Orange County, California. The stretch of I-405 connects with Costa Mesa, on the southern side of Los Angeles. The federal loan is being provided by the 2364 US Department of Transportation to the 3300 Orange County Transportation Authority (OCTA). The work is to upgrade a 22.4km stretch of I-405 between its junction with the I-605 Interstate, close to Rossmoor, and the SR 73 route at Costa Mesa, which connects with the nearby John Wayne Airport. In all this highway upgrade project is expected to cost $1.9 billion, with work scheduled to commence in 2018 and finish in 2023. The rest of the financing package for the project has yet to be announced. New lanes will be added in both directions, including express lanes that will be tolled except for vehicles with multiple occupants.

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OHL and Astaldi win California highway contract

Contractors OHL and Astaldi has won a major portion of a large highway project in California. The work is for the upgrade to I-405 in Los Angeles and is valued at US$ 1.2 billion. The two firms will work in a joint venture on the project. OHL has a 60% stake in the project while Astaldi holds the remaining 40% share. The deal represents a positive move for Astaldi, which is keen to develop its presence in the western US. The six year contract requires the design and construction of the improvement works
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