495 Express Traffic Recovering

Transurban’s 495 Express Lanes project on the Capital Beltway in Virginia has come a long way back from the brink since the Great Recession made mincemeat of traffic forecasts in the toll road industry. After a disappointing start in 2012, the Australian company restructured its $1.9-billion concession with an infusion of $280 million in corporate equity in 2014. That came on top of the $349 million it had already invested at the financial close in 2008. (Transurban bought out Fluor’s 10% interest as part of the restructuring.)


About Bill Reinhardt

Editor of Public Works Financing newsletter
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