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VA DOT breaks ground on $500m I-395 express-lane extension
Transactions - AUGUST 15, 2017

VA DOT breaks ground on $500m I-395 express-lane extension

by Andrea Waitrovich

The $500 million extension of Interstate 395’s express lanes in Virginia has broken ground. The extension will run from Alexandria, Va., to the Washington, D.C., border.

Australia-based Transurban, the Virginia Department of Transportation’s private partner, designed and helped finance the project and will operate and maintain the express lanes as part of its contract. Transurban will also pay Virginia Department of Transportation $15 million annually, which will be used to fund other transit projects.

The eight-mile express-lane project is the first in the state’s $1.4 billion Atlantic Gateway initiative, which will improve the roughly 50-mile stretch of Interstate 95 from the D.C. suburbs to Fredericksburg, Va.

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