busiest highways.
To help make the project a reality, PFA issued $3.5 billion in private activity bonds in 2025; the largest municipal bond deal of the year. These bonds are a key part of a larger financing package that also includes federal and state support, ensuring construction can move forward on schedule. Through a public-private partnership, SR 400 Peach Partners, LLC – a consortium of experienced infrastructure
firms – will design, build, finance, operate, and maintain the lanes in coordination with the Georgia Department of Transportation and the State Road and Tollway Authority.
Once complete, the SR 400 Express Lanes will feature variable-priced tolling to keep traffic flowing smoothly and will also support future MARTA Bus Rapid Transit service. The project is scheduled to open in 2031 and is expected to reduce congestion, improve safety, and create more predictable commutes for drivers and transit riders alike.
The financing of SR 400 Express Lanes is helping bring safer, faster, and more reliable travel to Georgia drivers and transit riders for years to come.
“By supporting the financing of SR 400 Express Lanes, PFA is helping demonstrate how strategic public-private partnerships can deliver complex infrastructure projects efficiently and effectively. This collaboration represents PFA’s ongoing commitment to facilitating innovative financing solutions that address critical community needs while maximizing value for taxpayers.” – Bill Kacvinsky, PFA Board Chair.