We’re forming a new partnership that will fund additional growth opportunities in the Greater Washington Area and the continued expansion of the Virginia Express Lanes network. By joining forces with AustralianSuper, the Canada Pension Plan Investment Board (CPPIB) and UniSuper for a 50% combined interest in the 495, 95 and 395 Express Lanes, we will be able to redeploy capital to invest in new projects in support of government.
“Transurban has been deeply rooted in the Greater Washington Area for more than a decade. We are a part of the communities we serve every day and are committed to seeing this region prosper,” said Jennifer Aument, President, Transurban North America. “As state and local governments grapple with difficult budget choices amid steep revenue losses, we know more than ever that we must do our part to drive recovery. We continue to be a strong and flexible partner, focused on delivering critical travel corridors and investing in the smart mobility choices customers need to get back on the road.”
We will continue to operate the 495, 95 and 395 Express Lanes with no change in day-to-day operations and no impacts to Express Lanes customers or employees.