| SR400 Managed Lanes |
Macquarie/GDOT/John Laing |
USA |
Private |
SR400 Express Lanes (Georgia, c.US$4bn). Revenue risk DBFOM of 16 miles of new managed lanes in North Atlanta along SR400. team led the Traffic and Revenue, ATCs, and Tolling workstream for Macquarie and John Laing. |
| Maryland Express Lanes |
MDOT/Macquarie |
USA |
Private |
Maryland Express Lanes, US (c.US$4bn). Program covering over 36 miles of Managed Lanes along the Washington Beltway 495 and I-270. Macquarie acted as co-developer with Transurban and a 40% equity investor. Full traffic risk project, Borja led Traffic and Revenue and Innovation workstreams for Macquarie. Macquarie and Transurban were awarded in December 2019. |
| NTE/LBJ |
Cintra-Ferrovial |
USA |
Private |
An overview operation and traffic on behalf of the NTE Concessionaire. Presentations and interaction with rating agencies, funds and lenders: I66 financial close (2017), NTE and LBJ refinancing (2018), Segment 3 financial close (2019), AUSOL I and II Highway debt refinancing (2015). |
| NTE Segment 3 |
Cintra-Ferrovial |
USA |
Private |
Preparation of the proposal for the Segment 3 exchange order. |
| I66 Express lanes |
Cintra Ferrovial |
USA |
Private |
Leading technical and traffic and revenue workstream for the i66 bid. Cintra was awarded in November 2019. The project was successfully opened in 2022 and the asset performance currently exceeded the forecast. |
| MD I-95 Express Toll Lanes (ETL) |
NCDOT/CDM Smith |
USA |
Public |
The eight miles of bidirectional express lanes with a time-of-day toll were opened in 2014 by MDTA. Led traffic and revenue forecasting. |
| FL I-95 Express Lanes |
NCDOT/CDM Smith |
USA |
Public |
Have seven miles of dynamically priced express lanes and are free for HOV3+ vehicles. Led traffic and revenue forecasting. |
| SH 288 Toll lanes |
TXDOT/CDM Smith |
USA |
Public |
A 10 miles of toll lanes in Harris County, Texas. Led traffic and revenue forecasting to evaluate the financial potential of the project. Later the project was built by a private consortium. |
| VA 495 Express Lanes (2013) |
Transurban/VDOT |
USA |
Private |
Oversee operation and revenue on behalf of the 495 SPV. Led traffic and revenue forecasting for financial restructuring (2013), refinancing (2015), and sale (2020). Liaised with investors, auditors, credit rating agencies, treasuries, and other financial stakeholders. Short-term forecast for yearly budget and COVID recovery analysis. |
| VA 95 Express Lanes (2015) |
Transurban/VDOT |
USA |
Private |
A 27 miles reversible dynamically priced express lanes. Led traffic and revenue forecasting refinancing (2018) and sale (2020). Liaised with investors, auditors, credit rating agencies, treasuries, and other financial stakeholders. Short-term forecast for yearly budget and COVID recovery analysis. |
| VA 395 Express Lanes (2019) |
Transurban/VDOT |
USA |
Private |
This project extended I-95 Express Lanes approximately 8 miles north near the Pentagon. Transurban acted as a developer and investor. Led traffic and revenue and supported the investment process. It’s a full traffic risk project and is currently under operation. Short-term forecast for yearly budget and COVID recovery analysis. |
| I-95 Express Lanes Fredericksburg Extension (2023) |
Transurban/VDOT |
USA |
Private |
This project extended I-95 Express Lanes approximately 10 miles south. Transurban acted as a developer and investor. Led traffic and revenue and supported the investment process. It’s a full traffic risk project and is currently under operation. Short-term forecast for yearly budget and COVID recovery analysis. |
| I-495 Express Lanes Northern Extension |
Transurban/VDOT |
USA |
Private |
The I-495 Express Lanes Northern Extension (495 NEXT) project is a PPP project extending the Express Lanes north by two-and-a-half miles. Transurban acted as a developer and infused 100% equity in the project. Full traffic risk project. The project is currently under construction. |
| I-77 Express lanes |
I-77 MP / John Laing |
USA |
Private |
A 26-mile bidirectional dynamically priced express lane near Charlotte. Represented John Laing on the board and gave strategic and financial advice to the asset management team. |
