Virginia has locked up a second major road project in 2012, finalising a contract at last on a $935 million public-private partnership (PPP) to add high occupancy capacity to Interstate 95 (I-95).
The state said its department of transportation – VDOT – and a consortium of Transurban/Fluor reached financial close on a mega-project to construct a high occupancy toll (HOT) lane and a high occupancy vehicle (HOV) lane along a 29-mile stretch of I-95 in Northern Virginia, from Stafford to Fairfax.
