Fluor-Transurban agreement with VDoT on I-95 project

Virginia Governor Bob McDonnell has announced that the Virginia Department of Transportation (VDoT) and Fluor-Transurban have come to a non-binding, in-principle agreement on the major commercial terms to build the I-95 high occupancy vehicle/high occupancy toll (HOV/HOT) lanes project in Northern Virginia.
April 26, 2012 Read time: 1 min
Virginia Governor Bob McDonnell has announced that the 5131 Virginia Department of Transportation (VDoT) and Fluor-891 Transurban have come to a non-binding, in-principle agreement on the major commercial terms to build the I-95 high occupancy vehicle/high occupancy toll (HOV/HOT) lanes project in Northern Virginia.

This interim step enables Fluor-Transurban and VDOT to finalise the details of a comprehensive agreement and financing package for the project which  is being financed and constructed under Virginia's Public-Private Transportation Act.

The project will expand the existing HOV facility on I-95 to create HOV/HOT lanes across 45 kms between Edsall Road in Fairfax County and Garrisonville Road in Stafford County, with improved access to major Virginia employment centres and military sites. The project connects with Fluor-Transurban's Capital Beltway HOT lanes project, which is scheduled for construction completion in late 2012.
Highway & Network Management

For more information on companies in this article

Related Content

  • Canada: work officially starts on Montreal’s Champlain Bridge
    June 25, 2015
    Canada’s infrastructure minister, Denis Label, officially broke ground for Montreal’s replacement Champlain Bridge, saying the project will likely cost US$3.42 billion. The 3.4km Champlain Bridge Corridor Project, including spans and highway expansions, is expected to be completed by 2019. SNC-Lavalin, the 50% stakeholder in the winning consortium Signature on the Saint-Lawrence, recently announced it had finalised the deal with new Champlain Bridge owner Infrastructure Canada. Signature on the Saint-
    Read More
  • India rushing to improve its highway system
    February 9, 2012
    Despite the world economic slowdown, India still seems in a rush to improve its highway system as Patrick Smith reports. Later this year India will be seen by hundreds of millions worldwide when the country's capital New Delhi hosts its biggest event ever.
    Read More
  • Mountain View Partners to start on Calgary’s Southwest Ring Road
    July 19, 2016
    Preliminary utilities work is set to begin in September on the last section a ring road around the Canadian city of Calgary. The Calgary Herald newspaper quoted the Alberta provincial infrastructure and transportation minister Brian Mason saying that the project is on schedule. He said “everything is going as planned … It’s important that we keep on top of this and it’s important that we keep it moving forward and so far we’re doing just that.” The public-private-partnership project for the southwest
    Read More
  • Stantec wins California roads study
    February 28, 2012
    Reduced congestion, better traffic flow and improved safety for road users are the aims of a new project for Orange County in the US State of California.
    Read More

Highlighted Content