Commonwealth Transportation Board Workshop Agenda 2026-05-19
I-495 NEXT Concession to Provide $334M Transit Funds
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Description
Transurban’s I‑495 NEXT agreement with DRPT and VDOT is expected to generate $334 million for toll-backed transit investments along the corridor through 2087.
Contract Details
Contract Amount
$334 million
Vendor
TRANSURBAN
Agency
Virginia Department of Transportation, VA
Contract Type
TRANSPORTATION
Document Date
May 19, 2026
Contract Term
through 2087
Renewal Date
2087-12-31
Renewal Info
Funding stream extends through the concession term ending 2087; renewal terms not stated.
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DISCUSSEDMore from Virginia Department of Transportation
Commonwealth Transportation Board Workshop Agenda 2026-05-19
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