Fluor Daniel proposed to develop, design, build and finance four HOT lanes (2 in each direction) on the Capital Beltway. Using electronic toll collection the lanes will be financed by tolls combined with minimal (13%) public funds to add a nearly $700 million project. Currently the Environmental studies are being completed. This project would be the first major improvement to the Beltway since it was widened in 1977. Negotiations between VDOT and Fluor began in late August, 2004.
I have attached an article from the April 2004 issue of "Road and Bridges" magazine providing additional information about the proposal.