For years, commuters on I-95 have struggled with bumper-to-bumper traffic and long, unpredictable commutes. In 2004, the Commonwealth of Virginia recognized the need for congestion relief, and as part of the Virginia Public-Private Transportation Act, welcomed proposals from groups with ideas on ways to improve I-95/395.
In 2005, an independent review panel recommended Transurban-Fluor’s proposal, which outlined ways to better HOV lane performance and introduce new travel choices in the 95 corridor. In 2006, VDOT signed an interim agreement with Transurban-Fluor to advance required preliminary work.
In 2007, the Transportation Planning Board voted to include the 95 Express Lanes in the region’s Financially Constrained Long-Range Plan. Finally, in 2012, after nearly a decade of public input and environmental review, Governor McDonnell announced that the partnership contract has been finalized, financing was completed and construction could begin.
Just like on the 495 Express Lanes, the 95 Express Lanes are the product of a public-private partnership between VDOT, the Virginia Department of Rail and Public Transportation, the Federal Highway Administration and Transurban-Fluor.
The nearly $1 billion project is financed, constructed and operated under Virginia’s Public-Private Transportation Act. The project is being delivered by a public-private partnership between VDOT and 95 Express Lanes LLC (a joint venture between Transurban DRIVe and Fluor Enterprises, Inc.). This allows the Commonwealth to leverage private-sector resources to build the nearly $1 billion project. VDOT will maintain ownership of I-95 and oversee 95 Express Lanes activities.