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Fluor Answers VDOTÂ’s Ring Toll
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CarGuru > Driving > Fluor Answers VDOTÂ’s Ring Toll 5 May 2005 06:27:56

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Fluor Answers VDOTÂ’s Ring Toll

Scott M. Kozel 5 May 2005 06:27:56
 http://enr.ecnext.co­m/free-scripts/comsi­te2.pl?page=enr_docu­ment&article=netrar0­50509b

"Fluor Answers VDOTÂ’s Ring Toll"
_Engineering News-Record_ - 5/9/2005

'VirginiaÂ’s Dept. of Transportation intends to use a public-private
partnership to add two high-occupancy toll lanes in each direction on a
14-mile segment of VirginiaÂ’s Capital Beltway. The congestion-prone
highway, Interstate 495, is a 70-mile loop around Washington, D.C., that
continues into Maryland. The toll lanes will be added to a section from
the Springfield interchange north almost to Maryland.'

'VDOT Commissioner Philip Shucet announced a comprehensive agreement
with Fluor Corp., Aliso Viejo, Calif., and Australian consultant
Transurban on April 29. The partnership would fund 15% of the
design-build-operat­e-maintain deal, estimated at $900-million. Toll
revenue would retire the debt.'

'HOT lanes would be free to carpoolers, buses and emergency vehicles.
All others would pay variably priced tolls, except for large trucks,
which would be banned. Construction could begin as early as 2006, if
the concept survives financial and environmental studies now under way.'

'New York City-based Vollmer Associates is conducting a traffic and
projection study for VDOT, says Herb Morgan, vice president of
operations for Fluor. It is due by Oct. 28.'

'The Federal Highway Administration is reviewing a draft environmental
impact statement. Initial rights-of-way acquisition estimates called
for the expansion to take some 300 homes. The private teamÂ’s proposal
reduces the loss to fewer than 10 homes, says Malcolm Kerley, VDOT chief
engineer.'

'Fluor originally submitted an unsolicited proposal in 2002, and
followed up with a more comprehensive offer the following year. The
U.S.-Australian team is also chasing other toll road deals in Virginia
and Texas.'

[end]

SMK: I met Herb Morgan at two of the ASHE tours of the Route 895
Pocahontas Parkway project in 2001 and 2002. He was the design-build
project manager for Fluor Daniel/Morrison Knudsen, LLC (FD/MK), who
built the project, and he is an interesting person. The 8.8-mile-long
Route 895 was a PPTA public-private partnership project with VDOT, and
92% of the $314 million cost to build the highway was private investment
through the Pocahontas Parkway Association, a private, non-stock,
not-for-profit corporation without members, organized under provisions
of Chapter 10 of the 1950 Virginia Code, incorporated in 1997 for the
limited purpose of financing, constructing and operating the Route 895
project.

Herb Morgan and Fluor have certainly proven themselves here in Virginia
as someone who can successfully build a large-scale highway project like
this. The 8.8-mile-long freeway was built 1998-2002, the project was
awarded at $324 million, to be completed in 44 months, and they
completed it at $314 million, which is $10 million under budget, and in
49 months.

The 'traffic and projection study' due by Oct. 28th that is mentioned
above, is listed in the PPTA Comprehensive Agreement for the Capital
Beltway HOT Lanes project that was signed April 28th, the exact name
being Investment Grade Traffic and Revenue Study, and the successful
outcome of this study is required in order to prove that the project is
economically viable, before the project can advance any further. This
study will also determine the exact toll structure to be utilized on the
new HOT lanes, the exact amounts of tolls at various times of the day.

--
Scott M. Kozel Highway and Transportation History Websites
Virginia/Maryland/W­ashington, D.C. http://www.roadstot­hefuture.com
Philadelphia and Delaware Valley http://www.pennways­.com
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CarGuru > Driving > Fluor Answers VDOTÂ’s Ring Toll 5 May 2005 06:27:56

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