Transurban has entered a Development Framework Agreement to work with the Virginia Department of Transportation (‘VDOT’) to assess an enhanced Bi-Directional Project on the I-95 Express Lanes. The proposed project scope would add approximately 120 additional new lane miles (6x more than previously considered), including a 10-mile extension south through Fredericksburg and into Spotsylvania County. This represents a material enhancement of the I-95 Express Lanes, increasing its capacity by approximately 140%, delivering significant benefits to customers. The next stage of development will focus on progression of design, contractor selection, and finalizing CAPEX requirements to enable submission of a Binding Proposal to VDOT. If approved, financial close is anticipated in 2029.
The project would expand the 95 Express Lanes system to provide 24/7 bi-directional travel in permanent express lanes for approximately 45 linear miles, eliminating the need for reversible lanes. Key features include:
Transurban has now concluded the market sounding meetings with industry participants to gather feedback and help inform the key project components and delivery approach. We appreciate the participation and insights provided.
To support team formation amongst interested contractors, Transurban is providing the following preliminary project information regarding the 95 Express Lanes Bi-Directional Project:
The Project will be delivered using a CM/GC Delivery Method with design contract novation.
Delivery is anticipated through two separate construction contracts, one for each of the North and South segments.
Preliminary information regarding the proposed segments is available to interested firms under a non-disclosure agreement (NDA).
The current rough order of magnitude (ROM) for the anticipated project delivery price is approximately $4.5 billion to $5.5 billion, with the segment values expected to be roughly 50/50.
RFP issuance is anticipated on or about October 1, 2026.
Proposers may submit proposals for both segments; however, a proposer will only be selected and contracted for one segment.
Two-member joint ventures (JVs) are preferred. A maximum of three JV members will be permitted.
Transurban held a virtual Industry Information Meeting on Thursday, September 10, 2026, from 4:00pm to 5:00pm. The presentation materials from the meeting can be accessed here.
Prospective firms capable of serving as the prime contractor or lead joint venture partner and interested in participating in the Procurement and receiving RFP information should contact 95BiDirectionalProcurement@transurban.com to obtain registration materials and further instructions. To ensure receipt of the RFP on the release date, the registration process must be completed no later than September 28, 2026, at 3:00 pm.