Project Overview
The I-95 HOV/HOT Lanes project provides over 29 miles of reversible high occupancy toll (HOT) lanes along the I-95/I-395 corridor between Fairfax and Stafford Counties in the northern Virginia suburbs of Washington, DC. The project converted seven miles of existing two-lane HOV lanes to HOT lanes; widened 14 miles of the existing reversible HOV lanes from two to three lanes; and constructed an eight-mile extension of the lanes south to Garrisonville Road in Stafford County. The HOT lanes are reversible with entry and exit points that open or close depending on the direction of traffic flow. The project also includes the addition of new direct access ramps to the managed lanes and improvements to existing access points. Tolls are collected electronically by transponder. |
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The $923 million project has been implemented as a design-build-finance-operate-maintain (DBFOM) public-private partnership (P3) between the Virginia Department of Transportation (VDOT) and 95 Express Lanes LLC (95 Express), a private consortium owned by the Australian toll road operator Transurban Group (90 percent) and Fluor Enterprises (10 percent). 95 Express has assumed construction and operations risks on the project and will receive all toll proceeds over a 73-year concession period that begins when the facility opens to traffic.
The partners in 95 Express also lead the private consortium that developed and now operates the I-495 Capital Beltway Express Lanes. The two facilities have a direct connection at the I-495/95/395 Springfield Interchange and share common tolling operations and policies, with toll rates adjusted dynamically based on real-time traffic conditions. Free access is provided to transit vehicles and carpools with three or more occupants.