Commonwealth Transportation Board Workshop Agenda 2026-05-19
I-495 NEXT Extension Funded via TIFIA Refinancing
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Description
VDOT and Transurban expanded the Capital Beltway Express concession to construct the I‑495 NEXT northern extension, funded through a $1.05 billion TIFIA refinancing that covers project construction.
Contract Details
Contract Amount
$1.05B TIFIA refinancing
Vendor
TRANSURBAN DBA CAPITAL BELTWAY EXPRESS LLC
Agency
Virginia Department of Transportation, VA
Contract Type
TRANSPORTATION
Document Date
May 19, 2026
Renewal Info
Extension of existing I-495 Express multi-decade concession; no separate renewal or end date stated in agenda.
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Commonwealth Transportation Board Workshop Agenda 2026-05-19
Commonwealth Transportation Board Workshop Agenda 2026-05-19
Commonwealth Transportation Board Workshop Agenda 2026-05-19
Commonwealth Transportation Board Workshop Agenda 2026-05-19
Commonwealth Transportation Board Workshop Agenda 2026-05-19
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