Congestion Relief and New Travel Choices to Be Hallmarks of Virginia DOT Project

Fluor Corporation (NYSE: FLR) and Transurban (USA), Inc. announced today that they formally broke ground on the new Capital Beltway High Occupancy Toll (HOT) Lanes project on Interstate 495 in northern Virginia.

With the highly traveled Beltway as the backdrop of the groundbreaking event, Virginia Secretary of Transportation Pierce Homer and other federal, state and local leaders met today in Tysons Corner, Va., to symbolically break ground on the $1.4 billion public-private transportation project that will bring congestion relief and new travel choices to the I-495/Capital Beltway in Virginia.

“Today is an important milestone as we work with the Virginia Department of Transportation to address the much needed congestion relief in northern Virginia,” said Patrick Flaherty, head of Fluor’s infrastructure business. “With the increased interest in transportation public-private partnership projects throughout the U.S., the I-495 Virginia HOT Lanes project is a model for similar partnerships that other states can use to guide their future transportation decisions.”

“The I-495/Capital Beltway HOT Lanes project is a showcase of how governments can put innovation to work to solve even the most difficult transportation challenges,” said Michael Kulper, Transurban’s executive vice president for North America.