Fluor and its partner Transurban DRIVe USA Investments LLC, entered into a comprehensive agreement with the Virginia Department of Transportation (VDOT) for the financing, design-build, and operation and maintenance of approximately 29 miles of High Occupancy Toll (HOT) lanes along Interstate 95 in Stafford County continuing to Fairfax County in Northern Virginia. Fluor participated both in the financing and design-build aspects of the project.
The I-95 project improved the existing High Occupancy Vehicle (HOV) lanes in one of the most congested regional corridors in the United States.
Fluor served as the managing partner of the construction joint venture (Fluor-Lane 95 LLC) with The Lane Construction Corp on the overall $925 million I-95 project.
Fluor and Transurban formed 95 Express Lanes LLC as a special purpose vehicle for the 75-year concession. Transurban was the majority owner of the concession company with a 90 percent share, and Fluor was a 10 percent minority owner.