The Dulles Greenway is a privately owned toll road in Northern Virginia, running for 12.53 miles (20.17 km) northwest from the end of the Dulles Toll Road to the Leesburg Bypass (U.S. Route 15/State Route 7). Although privately owned, the highway is also part of SR 267. The speed limit is 65 miles per hour (105 km/h).
The road was privately built and is not a public asset. The current owner is "Toll Road Investors Partnership II" (TRIP II), which was a consortium of the Bryant/Crane Family LLC, the Franklin L. Haney Co., and Kellogg Brown & Root (KB&R). On August 31, 2005, Australian firm Macquarie Infrastructure Group announced that they had paid $533 million to TRIP II to acquire its 86.7% ownership of the Greenway, and were negotiating with KB&R for the remaining ownership rights. Initially, as the road was built as a "Design Build Finance Operate" (DBFO) project, the responsibility for operating the road was scheduled to revert to Virginia in 2036 via a concession agreement. In 2001, The Virginia State Corporation Commission extended this period to the year 2056.
Read more about this topic: Virginia State Route 267
Famous quotes containing the word dulles:
“The ability to get to the verge without getting into the war is the necessary art.... If you try to run away from it, if you are scared to go to the brink, you are lost.”
—John Foster Dulles (1888–1959)