Capital Beltway
Financial close on 80 year concession for $1.52b of toll lanes on Capital Beltway N Virginia
Posted Thu, 2007-12-20 21:49
Virginia DOT, Transurban and Fluor have signed the contracts and gone to financial close for the
construction of four toll lanes plus direct connector ramps on 23km (14 miles) of the Capital Beltway (I-495) in northern Virginia between the Springfield interchange and just short of the Maryland line at the Potomac River. 1914 words read more »
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Agreement reached on terms for investor financing of 3/4ths of cost of Virginia's Capital Beltway HOT lanes
Posted Mon, 2007-09-10 08:01
Virginia has reached agreement with Transurban DRIVe and Fluor on most of the details of a 75-year toll concession to build 22.5km (14 miles) of 2+2 HOT lanes on the Capital Beltway between the Springfield Interchange at I-95 through the Tysons Corner/Dulles Toll Road area. The project has grown in scope and cost to $1.4b for the design-build portion and $1.7b including financing and planning.
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