DALLAS – Virginia has received acceptable financial proposals from two teams of private investors interested in partnering with the state on its $2.1 billion proposal to build tolled express lanes on Interstate 66 outside the Capital Beltway.

Virginia Transportation Secretary Aubrey Layne told the Commonwealth Transportation Board on Tuesday that each of the financial plans would limit the state's contribution to a maximum of $600 million.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.