An RFQ for Virginia DOT’s I-66 managed lanes project now appears likely to emerge in mid-March, starting a long process for selecting a DBFOM developer for what could be Virginia’s last big P3 for long time.

Douglas Koelemay, the governor’s appointed director, Virginia Office of Public-Private Partnerships (VAP3), says he expects as many as five teams to compete for the $2-billion demand-risk concession, which is being drafted with advice from Hunton & Williams.