Public-Private Partnership

The I-95 HOV/HOT Lanes project is being developed by Virginia Department of Transportation (VDOT) in partnership with Fluor-Transurban. By partnering with the private sector, Virginia can move forward on this project much more quickly than would be possible using traditional funding and construction methods – capitalizing on the best technology, financing methods, engineering and innovation.

The Virginia Department of Rail and Transportation (DRPT) is also playing an active role in the project which – along with the Capital Beltway HOT Lanes project – will provide opportunities for expanded public transportation in the corridor. The project is being developed under the Commonwealth's Public-Private Transportation Act. This legislation enables the Commonwealth to work with the private sector to bring forward transportation improvements.

Fluor Virginia and Transurban DRIVe LLC (Fluor-Transurban) are making a substantial investment upfront to fund construction of the lanes and Transurban will operate and provide routine maintenance for the lanes. Both Fluor and Transurban are experienced infrastructure developers and Transurban is a global leader in the customer-focused operation of toll roads.

The Virginia Department of Transportation (VDOT) will continue to have ownership and oversight of the road and has oversight of the environmental review process. The project is required to meet federal environmental requirements and is subject to very similar environmental rules and regulations as traditional projects.

About the Virginia Department of Transportation (VDOT)

The Virginia Department of Transportation (VDOT) is responsible for building, maintaining and operating the Commonwealth's roads, bridges and tunnels. Through the Commonwealth Transportation Board, it also provides funding for airports, seaports, rail and public transportation. Virginia has the third-largest state-maintained highway system in the country – more than 58,000 miles – just behind North Carolina and Texas. VDOT is a consistent leader in finding innovative ways to meet the demands of the traveling public. VDOT uses public-private partnerships to maximize its ability to serve the needs of Virginia. It has proven its success in recent endeavors with honors such as the Governor's Technology Award, Transportation Safety Board General Traffic Safety Award and many other awards in recent years.
Learn more about VDOT.

About the Virginia Department of Rail and Public Transportation (DRPT)

The Virginia Department of Rail and Public Transportation (DRPT) is the state agency for rail and transit in Virginia. DRPT develops transportation choices for the movement of people and goods both within and through the Commonwealth. With three business areas of rail, transit and congestion management, DRPT delivers programs that provide congestion relief, promote economic development and increase mobility.
Learn more about DRPT.

About Transurban

Established in 1996, Transurban is a toll road owner and operator with interests in the United States and Australia. The company's focus is on partnering with governments to deliver roads that meet community needs over the long term. Transurban Group's head office is in Melbourne, Australia. Other Transurban offices are in Sydney, New York, the Washington, DC area and Richmond, Virginia. Transurban employs around 600 people and serves approximately 5 million toll road customers worldwide. The company has been on the Dow Jones Sustainability Indexes World List each year from 2006 to 2010. Transurban has an agreement with the Virginia Department of Transportation (VDOT) to manage and operate the Pocahontas Parkway in Richmond, Virginia and is currently developing the Capital Beltway HOT lanes in partnership with Fluor and VDOT.
Learn more about Transurban.

About Fluor

Fluor Corporation is one of the world's largest, publicly owned engineering, procurement, construction, and maintenance services companies. Over the past century, Fluor, through its operating subsidiaries, has become a trusted global business leader by providing exceptional expertise and technical knowledge across every phase of a project. Clients rely on Fluor to deliver world-class solutions that optimize their assets, improve their competitive position, and increase their long-term business success.

Consistently rated as one of the world's safest contractors, Fluor's primary objective is to develop, execute, and maintain capital projects on schedule, within budget, and with operational excellence. Fluor has been a pioneer in the development and coordination of innovative public-private partnerships for major transportation programs across the United States. Fluor was instrumental in the development of the first-of-a-kind, privately financed, design-build toll road projects in Virginia, Texas and Colorado. In Virginia, Fluor led the development, financing, design and construction of the 8.8 mile Pocahontas Parkway near Richmond, Va, the first capital project to be developed under Virginia's Public-Private Transportation Act.
Learn more about Fluor.