Complete 540 Phase 2 Project

credit agreement executed

This is Phase 2 of the Complete 540 Project around the greater Raleigh, North Carolina area. The project extends the Triangle Expressway 10.8 miles from I-40 to the existing I-540 at I-87/ U.S. 64/U.S. 264 in Knightdale.  The $1.3 billion Phase 2 project will connect to Phase 1’s 17.1-mile project currently under construction. The Phase 2 project includes six interchanges, 24 bridges, and 14 culverts, with construction expected to be completed in 2028. It will improve local mobility by adding five new interchange connections to the local roadway network and a crossing over the Neuse River. It will also enhance safety by providing an additional evacuation route from the coastlines in case of emergencies. The Triangle Expressway extension will mirror the existing Triangle Expressway as a 70 mph, six-lane all-electronic toll facility.  Read the news release