The N.C. Department of Transportation and the N.C. Turnpike Authority have awarded the first of two construction contracts to complete the Triangle Expressway between Interstate 40 and Interstate 87.
A $450 million contract was awarded this week to a joint venture of Flatiron and the Fred Smith Company, to build six miles of road from south of Rock Quarry Road to I-87. The second contract will be awarded later this year for the remaining four miles is expected to be about $350 million.
Construction on the first segment, known as the Northern Wake Expressway, began in 1992 and eventually arced across North Raleigh, connecting U.S. 64 in Knightdale with I-40 near RTP. N.C. 540, the Triangle Expressway, is expected to be completed across southern Wake County by 2028.
