A group of private investors and developers has submitted a proposal to the Virginia Department of Transportation to expand and operate the Hampton Roads Bridge-Tunnel and the section of Interstate 64 that runs between Hampton and Virginia Beach.
The proposed public-private partnership, dubbed the Hampton Roads Crossing, would widen the existing tunnel from four to eight lanes and develop and manage three waterway crossings along the stretch of I-64.
Toll revenues would pay for the project, which would cost $3.5 to $4.5 billion. VDOT unveiled the submission Thursday.
The group’s partners are Swedish international infrastructure developer Skanska Infrastructure Development and its U.S. affiliate, Skanska USA Civil; Weeks Marine, a dredging and construction firm based in Cranford, N.J.; engineering and construction management firm Parsons Brinckerhoff,; and Kiewit Infrastructure, one of the largest transportation contractors in North America.
VDOT has since put out requests for proposals from other development groups.