Norton Rose Fulbright recognized with The Bond Buyer's Far West Deal of the Year Award

Global law firm Norton Rose Fulbright has been recognized by The Bond Buyer for its work on the US$495.26 million toll revenue bond financing for the Los Angeles County Metropolitan Transportation Authority's I-105 ExpressLanes Project, which was named the 2026 Deal of the Year for the Far West Region. The firm served as underwriters' counsel on the transaction.

The bond issuance completed the funding needed for the project, which will convert the existing high-occupancy vehicle (HOV) lanes along I-105 into two ExpressLanes in each direction to reduce congestion, improve travel times and enhance safety. Together with an approximately US$802.46 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan, it provided nearly US$1.3 billion in total financing.

The Bond Buyer's Deal of the Year Awards recognize outstanding municipal finance transactions that demonstrate creativity and resourcefulness while advancing infrastructure and quality of life in communities across the US. The award was announced in the November 10, 2026 issue of The Bond Buyer, and the transaction will be competing with nine other regional and sector Deal of the Year finalists for the national Deal of the Year award, which will be presented at a ceremony on December 1.