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Report: Macquarie, Skanska consider sale of Va. toll tunnels for $2B

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Report: Macquarie, Skanska consider sale of Va. toll tunnels for $2B

Macquarie Group Ltd. and Swedish construction company Skanska AB (publ) may sell the Elizabeth River Tunnels in southeastern Virginia for about $2 billion, Bloomberg News reported, citing people familiar with the matter.

Macquarie's subsidiary Macquarie Infrastructure & Real Assets Inc. and Skanska are seeking out potential advisers for a possible sale process that may begin next year, Bloomberg said, citing the people.

Macquarie and Skanska are authorized to operate the toll road until 2070, as part of a partnership with the Virginia Department of Transportation, according to Skanksa's website.

Both Skanska and Macquarie have a policy not to comment on the divestment potential for individual assets, the companies said in a joint statement.