Innovative Partnership Delivers Transportation Improvements in Virginia

The Express Lanes are the product of a public-private partnership between the Virginia Department of Transportation and Transurban. VDOT owns and oversees all aspects of the lanes, while Transurban is responsible for the financing and long-term operations. Transurban provided a substantial upfront equity investment to fund improvements and secured financing through two innovative programs provided by the U.S. Federal Highway Administration. Through this partnership, Virginia was able to translate every one state tax dollar into as much as 10 dollars in transportation improvements.

Virginia Department of Transportation

The Virginia Department of Transportation (VDOT) is responsible for building, maintaining and operating the Commonwealth’s roads, bridges and tunnels. Through the Commonwealth Transportation Board, it also provides funding for airports, seaports, rail and public transportation. Virginia has the third-largest state-maintained highway system in the country - more than 58,000 miles - just behind North Carolina and Texas. VDOT is a consistent leader in finding innovative ways to meet the demands of the traveling public. VDOT uses public-private partnerships to maximize its ability to serve the needs of Virginia. It has proven its success in recent endeavors with honors such as the Governor’s Technology Award, Transportation Safety Board General Traffic Safety Award and many other awards in recent years.

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Established in 1996, Transurban Group is a toll road owner and operator with interests in the United States and Australia. The company's focus is on partnering with governments to deliver roads that meet community needs over the long term. Transurban’s head office is in Melbourne, Australia. The U.S. headquarters is in Alexandria, Virginia. Transurban employs around 1,000 people and serves more than 5 million toll road customers worldwide. The company is a Top 25 company on the Australian Securities Exchange (ASX). Transurban has an agreement with the Virginia Department of Transportation (VDOT) to manage and operate the 495 Express Lanes, and has recently completed construction on the 95 Express Lanes in partnership with VDOT.

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The Virginia Department of Rail and Public Transportation

The Virginia Department of Rail and Public Transportation (DRPT) represented the interests of transit and carpoolers around the Express Lanes. DRPT is the state agency for rail and transit in Virginia. DRPT develops transportation choices for the movement of people and goods both within and through the Commonwealth. With three business areas of rail, transit and congestion management, DRPT delivers programs that provide congestion relief, promote economic development and increase mobility.

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The Federal Highway Administration

The Federal Highway Administration (FHWA) is an agency within the U.S. Department of Transportation that supports State and local governments in the design, construction, and maintenance of the Nation’s highway system (Federal Aid Highway Program) and various federally and tribal owned lands (Federal Lands Highway Program). Through financial and technical assistance to State and local governments, the Federal Highway Administration is responsible for ensuring that America’s roads and highways continue to be among the safest and most technologically sound in the world.

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