Largest private equity investment in a US Greenfield toll road PPP Relieves traffic congestion in one of the most congested US regions

ALEXANDRIA, Va., Dec. 20 /PRNewswire/ -- Congestion relief on the Capital Beltway around Washington D.C. is a step closer today following financial agreement between the Commonwealth of Virginia, international toll road group Transurban and Fluor Enterprises.

Under the plan, Transurban and Fluor will finance, design, construct, and operate High Occupancy Toll (HOT) lanes on a 14-mile section of the Capital Beltway, the ring road around Washington D.C. HOT lanes are built next to existing freeway lanes to provide drivers with the option of faster, more reliable travel.

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Posted by dcjaya at December 31, 2007 5:59 PM