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

  • Software tools aid construction, reduce costs
    February 28, 2012
    Integrated construction software offers an effective planning solution - *Mark Nichols writes. In a world where resources are limited, 20 year designing and building in a sustainable way is more critical than ever. By employing today's software tools it is possible to reduce the total cost of construction of a new highway, while reducing operating costs and environmental impacts. The path to achieving the greatest gains is to take a holistic approach to the plan, design, construct and operate process from t
    Read More
  • Ethiopia races on with projects
    June 13, 2012
    Ethiopia is pursuing a 10-year $2.4 billion development plan, part of which are ambitious road developments. Shem Oirere reports Ethiopia is hastening its pace towards accessing a share of the East Africa commodity market and opening itself up for foreign investment through the implementation of an ambitious road development strategy, the Road Sector Development Programme (RSDP). The landlocked nation has convinced a number of international lenders of the viability of RSDP, with some of them now loosening
    Read More
  • Geosynthetic drainage technology developments
    June 13, 2012
    An innovative solution to providing vital, low-impact surface water control for one of Britain’s largest local authority road schemes is said to have been recently achieved using Hydro International’s (HI) Hydro Vortex Drop Shaft  ow control technology. The new 7km bypass built by Costain at Church Village, near Pontypridd, South Wales, required careful planning to minimise its effect on the countryside and the local environment. Rhondda Cynon Taff Council needed to bypass Church Village to reduce traf c
    Read More
  • What lies beneath Down Under
    January 11, 2021
    The third and final construction stage on Sydney’s WestConnex project has begun, including the underground Rozelle Interchange – with a lot of help from Komatsu
    Read More

Highlighted Content