Elizabeth River Crossings

Elizabeth River Crossings HoldCo, LLC

Skanska ID ERC Holdings LLC (50%)

Elizabeth River Crossings (ERC), officially Elizabeth River Crossings OpCo, LLC, is a limited liability company whose sole purpose is to "finance, deliver, operate and maintain" the Elizabeth River Tunnels Project which include the rehabilitation of the Downtown and existing Midtown Tunnels, the construction of a second, parallel Midtown Tunnel, as well as the MLK Freeway extension as part of a 58-year public-private partnership(PPP or P3) with the Virginia Department of Transportation. ERC also provides incident response for the West Norfolk and Berkley Bridges, although operations of these bridges remain with VDOT.

In 2012, Elizabeth River Crossings, LLC was created by subsidiaries of Skanska AB and Macquarie Group as a vehicle to provide a proposal to the Commonwealth of Virginia's solicitation for bids to upgrade and build out the tunnels that cross the Elizabeth River. Skanska Infrastructure Development, Inc., provides the company with construction and development expertise while Macquarie Financial Holdings Limited provides private equity and funding for the project. Additional companies with an interest in the project include Kiewit Construction Company, Weeks Marine, Inc and Skanska's US engineering division, Skanska USA Civil Southeast, all which are participants in the actual construction and rehabilitation of the tunnels.

Skanska AB, is a multinational construction and development company based in Sweden, where it is among the top three construction companies in the domestic market and the largest one when accounting for all markets, with approximately twice the revenue of the closest competitor (2012).^[3] The company's head office is in .^[1]