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

  • Rajasthan Mega Highways boost trade, tourism
    February 17, 2012
    Rajasthan is one of the most favoured tourist destinations of India for both domestic and international traffic on account of its rich array of historical forts, palaces, art and culture.
    Read More
  • Deutsche Bank and Akbank among banks to fund Gebze-Izmir motorway
    March 19, 2015
    A final financing agreement for Turkey's 421km Gebze-Izmir motorway project will be signed by nine banks, eight of which will be Turkish, in April. The agreement will be for around US$4.73 billion of the deal likely to cost in total more than $6 billion and which is the country’s largest public-private partnership project. The banks are Deutsche Bank and Turkish banks Akbank, Garanti Bankasi, Finansbank, Is Bankasi, Halkbank, Ziraat Bankasi, Yapi Kredi and Vakfbank. Work has been going on since 2010 for the
    Read More
  • Rajasthan Mega Highways boost trade, tourism
    April 12, 2012
    Rajasthan is one of the most favoured tourist destinations of India for both domestic and international traffic on account of its rich array of historical forts, palaces, art and culture. In terms of area, Rajasthan is the country's largest state. Its size and strategic location means that it is traversed by substantial traffic linking the neighbouring states to the north and south. The National Highway (NH) road corridors currently accommodating this traffic are the NH-8, NH-11, NH-12, NH-14 and NH-1
    Read More
  • Doha’s massive ring road expressway project
    July 10, 2019
    The huge Doha ring road project will help decongest the city and improve transport for Qatar
    Read More

Highlighted Content