Transurban's Proposal Accepted
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Former Governor Terry McAuliffe announced that the commonwealth has accepted Transurban’s proposal to deliver the extension of the I95 Express Lanes south to Fredericksburg.
"When I took office four years ago, I made a commitment to radically change how we do transportation in Virginia," said Governor McAuliffe. "Virginians spent $300 million on the U.S. Route 460 project that was never built, because state officials negotiated a poor contract. Today, I am pleased to announce the Commonwealth has accepted a proposal from Transurban to build the 95 Express Lanes extension 10 miles south of Route 17 in Fredericksburg. This deal will not require any upfront taxpayer investment for construction, and will provide $277 million by the time the express lanes are open that will be invested in the corridor to advance critical transportation projects."
