The Virginia DOT has started construction on a $565 million, 10-mile extension of Interstate 95 express toll lanes near Fredericksburg, Virginia. Transurban will lead construction of the public-private partnership (P3) with the VDOT and operate the lanes when complete. The project, dubbed “Fred Ex,” will include 10 miles of new, two-lane reversible express lanes; new access points that will ease travel for the 28,000 workers at Marine Corps Base Quantico; a reversible ramp at one exit; the renovation of seven bridges; and construction of two new bridges. The work, which is expected to be complete in 2022, will generate an estimated 9,100 jobs and a $1.1 billion economic boost for the region. Transurban is financing the extension, which will one day join up with future I-395 express lanes and create a 50-mile corridor from Fredericksburg to the Washington, D.C., border. Transurban will also give $277 million to the commonwealth for additional projects along the I-95 corridor READ HERE
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