SR 400 Express Lane project financing
By Global Infrastructure Sherpa · Aug 1, 2025
SR 400 Express Lane project
Project
The SR 400 Express Lane project in Georgia reached financial close in August 2025, involving a USD 3.4bn Private Activity Bond (PAB) issuance, and a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan of almost USD 3.9bn. The SR 400 Peach Partners Consortium paid a USD 3.8bn concession fee to the Georgia Department of Transportation.
Deal Analysis
The SR 400 Express Lane project financing represents a significant infrastructure investment in Georgia's transportation network. The deal reached financial close in August 2025, structured around a USD 3.4 billion Private Activity Bond (PAB) issuance and a substantial USD 3.9 billion Transportation Infrastructure Finance and Innovation Act (TIFIA) loan. The SR 400 Peach Partners Consortium, the project developer, paid a USD 3.8 billion concession fee to the Georgia Department of Transportation, highlighting the scale and financial commitment involved in this public-private partnership.
This financing package underscores the growing reliance on PABs and TIFIA loans to fund large-scale infrastructure projects in the United States. The involvement of the SR 400 Peach Partners Consortium as the developer and the Georgia Department of Transportation as the seller demonstrates a collaborative approach to addressing transportation needs. The deal's size and the use of both PABs and TIFIA financing suggest a complex financial structure designed to attract private investment while leveraging government support.
- USD 3.4 billion Private Activity Bond (PAB) issuance.
- USD 3.9 billion Transportation Infrastructure Finance and Innovation Act (TIFIA) loan.
- USD 3.8 billion concession fee paid by the SR 400 Peach Partners Consortium.
- Involves a public-private partnership between the SR 400 Peach Partners Consortium and the Georgia Department of Transportation.
Market Context: The deal falls within the transport sector in the USA, where infrastructure projects are increasingly financed through a combination of private and public funding mechanisms like PABs and TIFIA loans.
Source Intelligence
KEY DETAILS
The SR 400 Express Lane project reached financial close in August 2025. "P3 optimism has been spurred by Georgia’s USD 11bn SR 400 Express Lane project, which reached financial close in August 2025."
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Deal Size
P3 optimism has been spurred by Georgia’s USD 11bn SR 400 Express Lane project, which reached financial close in August 2025.
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Location
P3 optimism has been spurred by Georgia’s USD 11bn SR 400 Express Lane project, which reached financial close in August 2025.
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Financials
The project financing involved a USD 3.4bn Private Activity Bond (PAB) issuance, and a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan of almost USD 3.9bn.
PARTIES MENTIONED IN SOURCE
S
SR 400 Peach Partners Consortium
developer
"The SR 400 Peach Partners Consortium paid a USD 3.8bn concession fee to the Georgia Department of Transportation."
G
Georgia Department of Transportation
seller
"The SR 400 Peach Partners Consortium paid a USD 3.8bn concession fee to the Georgia Department of Transportation."
A
ACS Infrastructure
developer
"Georgia, with the success they have had on SR 400, is moving forward with their next project, I-285 East, and we are deep into that procurement,” DeWitt said."
C
Cintra
developer
"Positive experiences with P3s and managed lanes have been a benefit for encouraging more US projects, according to Andrés Sacristán, CEO of Cintra, a Ferrovial company."
F
Ferrovial
developer
"Positive experiences with P3s and managed lanes have been a benefit for encouraging more US projects, according to Andrés Sacristán, CEO of Cintra, a Ferrovial company."
high quality
Enriched Feb 19, 2026
Market Context
This deal is part of the Transport sector in USA.
1 of 110 Transport deals tracked this month · Updated daily
Global Infrastructure Sherpa