Fluor-Transurban and VDOT Sign Agreement for Virginia’s I-95 Lanes Project

Fluor, which has designed, constructed and conserved several complex and challenging projects in the globe, authenticated that Bob McDonnell, who is the governor of Virginia, stated that the Fluor-Transurban and the Virginia Department of Transportation (VDOT) have inked an in-principle and non-binding agreement on the main marketable terms for the I-95 project, which is building the High Occupancy Toll or High Occupancy Vehicle (HOT/HOV) lanes in north Virginia.

This temporary phase has facilitated VDOT and Fluor-Transurban to conclude the entire agreement’s information and the project’s financing package. This project will be booked into backlog by the company during the achievement of financial closing and funding is organized. Governed by the Public-Private Transportation Act of Virginia, financial support is given to construct the project, and the financial closing is targeted to happen in mid 2012.

The company’s I-95 project will extend the current HOV facility on I-95 in order to build HOT or HOV lanes over 28 mi. between Garrisonville Road in Stafford County and Edsall Road in Fairfax County, along with enhanced access to the main military locations and employment centers in Virginia. I-95 project has been associated with Capital Beltway HOT lanes project of Fluor-Transurban, which has been planned to complete the construction by late 2012.

Source: http://www.fluor.com/

Joel Scanlon

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Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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