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Top Five July 2024

1   |   39 Virginia companies make the 2024 Fortune 1000

Thirty-nine companies headquartered in Virginia are on Fortune magazine’s 70th annual Fortune 1000 list, with 24 Virginia companies again making the elite Fortune 500. (June 4)

2   |  VDOT buys Owens & Minor’s Hanover headquarters for $33.5 million

The Virginia Department of Transportation plans to move the state agency’s central office into the Mechanicsville building in summer 2025. (May 13)

3   |  VIPC launches $100 million fund partnership for Virginia startups

The Virginia Innovation Partnership Corp. is partnering with seven venture capital fund managers to invest $100 million in 100 Virginia-based startups. (For more on this story, see Page 12.) (May 20)

VIPC CEO Joe Benevento speaks at May 20 event with Gov. Glenn Youngkin in background. Photo courtesy Virginia Innovative Partnership Corp.

4   |  Capital One, Walmart end credit card agreement

McLean-based Capital One Financial is no longer the exclusive issuer of Walmart consumer credit cards. (May 24)

5   |  Hampden-Sydney College receives $20 million pledge

Richmond-based Endeavour Legacy Foundation pledged $20 million to Hampden-Sydney College, the second largest gift in the college’s history. (May 14)

VDOT buys Owens & Minor’s Hanover HQ for $33.5M

The Virginia Department of Transportation has purchased the Mechanicsville headquarters of Owens & Minor for $33.5 million, with plans to move the state agency’s central office there in summer 2025.

Much of VDOT’s staff will move from the Annex building at 1401 E. Broad St. into the new building at 9120 Lockwood Blvd. in Hanover County, according to Jessica Cowardin, assistant director of communications for the state agency. The 160,000-square-foot campus in Atlee Station Business Park was built by Timmons Group in 2006. VDOT also purchased an additional 50 acres, according to Newmark Group, which brokered the deal.

Meanwhile, Owens & Minor expects to vacate the building by the end of this year. The Fortune 500 global health care logistics and supplies company plans to relocate its corporate headquarters somewhere in the Richmond region. While declining to specify where the company would move, a company spokesperson said the move “better reflects the current needs of our organization and our teammates.” Owens & Minor has 1,400 employees in Virginia and more than 20,000 worldwide, including hundreds of workers in the Richmond area.

The move will not impact the company’s operations and is a reflection of workplace trends and worker preference, according to the company.

Owens & Minor headquarters
Photo courtesy Newmark

In November 2020, Owens & Minor announced it was pulling the plug on its 90,000-square-foot downtown Richmond call center and would be seeking tenants to sublet the space after so many workers started working remotely.

“We’re proud that Owens & Minor has called Richmond, Virginia, home for more than 100 years, and look forward to our continued presence in the local community,” a statement from the company said.

Brandon Turner, director of Hanover County Economic Development, said Monday that he doesn’t expect Owens & Minor’s next headquarters to be located in the county. “It would be very difficult because we don’t have a lot of Class A office space,”  he said. “What we have is very small, and I think what they’re looking for is larger than what we have available on the market in Hanover.”

Owens & Minor moving to a new headquarters is a double-edged sword, Turner said. The company will be off the county’s tax roll and VDOT, as a Virginia state agency, will not pay taxes.

“That in and of itself is a bit of a hit,” Turner said. “On the flip side, the building is heavily underutilized right now by Owens & Minor due to their [work-from-home] policies. When VDOT comes up, they will bring significantly more individuals up here, and those people will be going out into the neighboring businesses [and] eating, buying groceries, whatever. So if you own a business in this corridor, it’s going to be a boon.”

Andrew Sandquist and Adam Faulk, JC Asensio and Adam Petrillo,  Briggs Goldberg, Will Bradley and Mark Williford, all of Newmark, represented the seller on the transaction.

Owens & Minor reported $10.3 billion in 2023 revenues, up from $9.9 billion in 2022.

HRBT expansion’s first tunnel boring is complete

Mary, the tunnel boring machine that has been paving the way for the expanded Hampton Roads Bridge-Tunnel, hit a milestone Wednesday when she finished the first of twin tunnels that are part of the bridge-tunnel’s expansion.

Launched from the HRBT’s South Island a year ago, the $70 million custom-built tunnel boring machine has been busy — it excavated 7,900 feet, or 750,000 cubic yards of soil, while installing 1,191 concrete rings behind her, according to the Virginia Department of Transportation.

Now, it’s ready to turn around and do it all over again on the return trip to carve out the expansion’s second tunnel. But that turnaround is no easy process. It’s expected to take about six months to turn the tunnel boring machine around and position it for relaunch, when it will begin constructing a parallel tunnel back to the South Island.

About 46 feet in diameter and 430 feet in length, Mary on her busiest day excavated 113 feet of soil and installed 17 rings.

Mary’s work may be in a tunnel, but it’s not in a vacuum.

The $3.9 billion HRBT expansion is the largest highway construction project in Virginia’s history. It’s now expected to be completed by August 2027, about 18 months later than the originally scheduled completion, according to a VDOT news release in late March.

The project consists of widening Interstate 64 between Norfolk and Hampton, including twin two-lane bored tunnels, five new bridges and 20 widened bridges, according to VDOT.

“The Hampton Roads Bridge-Tunnel made history in 1957 as the world’s first tunnel constructed between two man-made islands,” VDOT Commissioner Stephen Brich said in a statement. “Today, the HRBT makes history again as Virginia’s first bored tunnel. With the breakout of the TBM, we are one step closer to the completion of this transformative project that will increase capacity at one of the region’s most congested corridors.”

The tunnel Mary just completed is about 50 feet deeper than the HRBT’s existing tunnels, with the new tunnel’s deepest point plunging 173 feet below the water’s surface. It’s the first tunnel bored in Virginia — the existing ones were constructed using an immersed tube approach, according to VDOT.

“This historic milestone is the culmination of years of transformational transportation congestion relief planning and hard work. Today’s first tunnel breakout is a testament to [the Hampton Roads Transportation Accountability Commission] and VDOT working together to realize a greater vision for Hampton Roads. Once completed, the HRBT and I-64 congestion relief projects financed and delivered through the HRTAC, VDOT, and FHWA [Federal Highway Administration] partnership will enhance the economic vitality and quality of life for the region’s 1.7 million people for generations,” HRTAC Executive Director Kevin Page said in a statement.

A sampling of Virginia’s major road projects

HAMPTON ROADS

Hampton Roads Bridge-Tunnel Expansion Project

Work continues on Virginia’s largest high- way construction project, the $3.9 billion Hampton Roads Bridge-Tunnel (HRBT) expansion. The project will widen the four-lane segments of the 9.9-mile Interstate 64 corridor between Norfolk and Hampton to six lanes on land and eight over the water with twin two-lane tunnels. In April 2023, a custom tunnel boring machine (TBM) launched from South Island to construct the first of two new tunnels. Then, in the fall, crews connected the new south trestle bridge to Willoughby Spit in Norfolk, allowing it to be accessed by land, so concrete deliveries could be made 24 hours a day for the new bridge deck without impacting traffic. In November, crews completed the largest continuous concrete pour in the Virginia Department of Transportation’s history when they paved 5,480 cubic yards of concrete over 31 hours for the base slab of the North Island receiving pit. Finally, in December 2023, the tunnel boring machine reached the halfway point between South Island and North Island, completing 596 rings after excavating about 4,000 feet of the new tunnel. This spring, I-64 eastbound traffic will be shifted onto the new north trestle bridge at the Hampton shoreline, connecting to the existing eastbound tunnel.

NORTHERN VIRGINIA

Improve 95

As part of the plan to address gridlock on Interstate 95 near Fredericksburg, VDOT has several projects underway between Exit 148 and Exit 130 at a cost of more than $1 billion. Improve I-95 consists of four construction projects that will be in various phases through 2025.

Long Bridge expansion

The most significant rail choke point on the East Coast will be fixed as part of a $729 million federal funding package for transportation projects in Northern Virginia and Washington, D.C., U.S. Sens. Mark Warner and Tim Kaine and Virginia Gov. Glenn Youngkin announced in December 2023. The package includes funding to finalize the long-planned $1.9 billion expansion and upgrade of the Long Bridge, a nearly 120-year-old, two-track railroad bridge that connects Virginia and D.C. and serves as the main passenger and freight rail connection between the Southeast and Northeast.

SHENANDOAH VALLEY/ SOUTHWEST VIRGINIA

Interstate 81 improvements

Resulting from a 2018 study, the $3.1 billion Interstate 81 Corridor Improvement Program lists 64 planned upgrades targeting safety and reliability along the 325-mile corridor from Winchester to Bristol. It’s scheduled for completion in 2033. In October 2023, the Commonwealth Transportation Board awarded a $7.7 million contract to Fairfield-Echols for construction of an I-81 southbound auxiliary lane that will connect exits 220 and 221 in the Staunton area, creating an additional lane between the two interchanges and more space for merging traffic from I-64 to I-81. Next to that, a four-mile stretch of I-81 will be widened, adding a third lane in each direction this spring. The $101 million project is between exits 221 and 225 and includes the widening of five bridges. The widening of I-81 in the Bristol area was expected to begin construction early this year. 

New Transurban North Am. prez comes from public sector

Beau Memory, Transurban’s new North America president, joined the Australian transportation company that operates express toll lanes in Northern Virginia in November with more than 20 years of public-sector transportation experience.

In an interview last week with Virginia Business, the Tysons-based Memory says he’s still getting acclimated to Northern Virginia. “I’m still learning the region, but it’s a really exciting place to be moving to. You know, the influx of people and the diversity of cultures and economic opportunity here is really amazing.”

Memory was previously CEO and executive director of Denver’s E-470 Public Highway Authority, and before that, he served as chief operating officer for the North Carolina Department of Transportation. Memory also was national transportation director at North Carolina-based software analytics company SAS and executive director for the North Carolina Turnpike Authority.

At Transurban, he will oversee the company’s 53 miles of toll lanes on the Capital Beltway and Interstates 95 and 395, as well as the A25 bridge in Montreal in Canada. The I-95 Express Lanes is creating the largest reversible road in the country, with about 170,000 trips per day.

“One of the things that I’m really excited about is the bi-directional project with VDOT. That has the promise of being one of the most innovative projects when it comes to transportation solutions for mobility that have been done in some time,” Memory said. In August, a 10-mile extension of the I-95 Express Lanes opened, running from Route 610 in Quantico to Route 17 in Fredericksburg, and in 2025, Transurban plans to open an additional 2.5 miles of Express Lanes on the 495 Beltway. With both projects, Transurban collaborates with the Virginia Department of Transportation.

“In the public sector, we obviously have more needs than we do resources,” Memory said. “I think by tapping into the private sector, we can do more, we can provide more mobility and bring innovations. We can hopefully meet the needs of this growing region and others around the country.”

Memory said that sensors placed along Northern Virginia’s Express Lanes collect about 2,000 data points per mile, which allow researchers to learn a great deal about traffic patterns and other trends. “Mobility in the future won’t be driven by any one mode,” he said. “There are some really exciting opportunities on the horizon with connected autonomous vehicles. I think the Express Lanes concept offers a jumping-off point for whatever technology comes.”

In March, Transurban pulled out of a $5 billion toll road project, the planned expansion of the 10-lane American Legion Bridge that connects Maryland with Virginia over the Potomac River.

Pierce Coffee, Transurban’s previous North American president, also left in March after serving as its top U.S. executive since 2021. Former Chief Finance Officer Michael Discenza served as acting president before Memory came on board in November. Discenza left Transurban in November.

“Beau brings a deep understanding of toll roads, the broader transport industry, strategy development and public policy,” Transurban CEO Michelle Jablko said in a statement. “He has experience working with a variety of stakeholders including federal and state legislators and various communities to deliver complex major projects and innovations that benefit customers.”

Light at the end of the tunnel

Off and on since the 1980s, John Rivera has commuted from his home in Hampton to Naval Station Norfolk.

He’s seen Interstate 64 grow from two to four lanes in the region, but these days, Rivera, a ship maintenance manager for the U.S. Navy, mainly sees lots of traffic jams caused by the $3.9 billion Hampton Roads Bridge-Tunnel (HRBT) expansion project, for which construction began in November 2020.

To avoid the worst of the congestion, Rivera hustles to reach the HRBT before 6 a.m., and he negotiated a hybrid work plan with his manager so that he can leave each day in time to get back to the tunnel before 2 p.m.

While expansion construction has made his commute trickier, Rivera allows that his day-to-day existence will be improved if the expansion decreases congestion on the HRBT. “Traffic affects our work-life balance,” he says.

The hope is that the expansion will improve quality of life for millions of people living in and traveling through the Hampton Roads region. During the summer tourism season, as many as 100,000 vehicles per day traverse the HRBT, according to the Virginia Department of Transportation.

In addition to reducing traffic congestion, the expansion will create more lanes for hurricane evacuation and is expected to improve access to the Port of Virginia’s marine terminals and Naval Station Norfolk, the world’s largest naval station.

Getting it done, however, is a massive endeavor.

It includes the construction of twin, two-lane tunnels, expanding the HRBT to eight lanes underwater. The project also includes widening about a 10-mile stretch of Interstate 64.

Often, the biggest construction projects in the United States are broken into multiple smaller projects, points out Ryan Banas, project director for the expansion.

“One of the things that makes us truly unique is that we are a single $3.9 billion construction project,” says Banas. “So, looking at it from that perspective, we are one of the largest [construction projects] in the country. We are the largest project that VDOT has ever performed and the largest transportation project that the commonwealth has ever had.”

Banas is an associate vice president for HNTB, which is providing engineering services and project management for the expansion. The construction contractor for the project is Hampton Roads Connector Partners, a joint venture led by Dragados USA that includes Vinci Construction, Flatiron Construction and Dodin Campenon Bernard.

VDOT still lists November 2025 as the contracted completion date for the expansion, but Banas allows that work has taken longer than planned. “We’re running a little bit more than a year behind schedule,” he says, chalking the delay up to “the complexity of a project of this magnitude.”

HRBT project workers excavated a 65-foot-deep receiving pit on North Island where tunnel boring machine Mary will make a 180-degree U-turn after completing the first tunnel. Photo courtesy Virginia Department of Transportation

In September, VDOT staff asked the Commonwealth Transportation Board for a 600-day extension on the project, and the board voted in favor of allowing the state highway commissioner to change the project agreement.

Progress on the HRBT expansion is an ever-popular topic for Hampton Roads residents and leaders, says Bryan Stephens, president and CEO of the Hampton Roads Chamber of Commerce.

“There’s a great deal of interest in the project and its timeline and its completion because I think they understand the importance of it to our economy here,” Stephens says.

Reducing congestion on the HRBT is key to the region’s economic health, says Doug Smith, president and CEO of the Hampton Roads Alliance, a regional economic development organization. “That connection between the south side of the peninsula is critically important for cargo, is critically important for tourism, [and] it is critically important for commuters,” he says. “And so, to be able to solve that congestion … for the coming decades is a really important project for the growth of the region.”

Hampton Roads’ economy, Stephens points out, is supported by three pillars: the Department of Defense, the Port of Virginia and tourism. The HRBT expansion, he says, is badly needed for all three pillars to remain healthy.

“All three of those rely on an effective and efficient multimodal transportation system,” Stephens says.

Mary’s big dig

The HRBT expansion work that’s most noticeable to drivers revolves around the widening of I-64.

“On the Mallory Street Bridge, crews finished girder erection and will soon begin constructing the deck spans on the southern half of this new bridge,” says Brooke Grow, VDOT communications manager for the HRBT expansion project. “Motorists may have also noticed many drainage improvements and widening activities occurring in the median of I-64 East/West that will begin to accommodate two additional travel lanes in each direction over the coming months.”

Workers also continue to check off project milestones.

As early as winter 2024, VDOT anticipates traffic on I-64 east from Hampton may switch from a temporary marine bridge constructed for the expansion to the new permanent marine bridge, according to Grow.

The biggest bit of progress on the expansion in recent months came in late April when a $70 million, custom-built tunnel boring machine (TBM) launched from South Island, one of two artificial islands created for the HRBT prior to its 1957 opening.

The TBM will dig an 8,000-foot-long tunnel to North Island, the other man-made island that’s located closer to Hampton, before turning around and digging another tunnel back to South Island.

“I will tell you, the day Mary breaks through, that’ll be a huge celebration for the project team,” Banas says.

In 2021, VDOT announced students from St. Gregory the Great Catholic School in Virginia Beach had suggested the winning entry in a contest to name the TBM. The students picked the name Mary after Mary Winston Jackson, the late Hampton-born, Black mathematician and aerospace engineer at NASA, who was a subject of the Academy Award-nominated 2016 film “Hidden Figures.”

German TBM manufacturer Herrenknecht AG built Mary over 14 months. At 46 feet in diameter and 430 feet long, it’s the second largest TBM ever used in North America and the largest TBM of its type, according to Banas. “It’s very easy to get awestruck looking at it,” he says.

It took four months and three vessels to transport Mary to Virginia, according to VDOT. Once here, workers reassembled the TBM in a specially designed pit on South Island, an endeavor that took another six months.

On April 24, Mary went to work. Its 46-foot cutterhead relies on 198 scrapers and 26 disc cutters to scoop soil, according to VDOT.

When finished, the HRBT project will create eight lanes of traffic spanning across and under the harbor from Norfolk to Hampton. Photo courtesy Virginia Department of Transportation

Mary also has another job: installing the tunnel’s lining.

Workers for Alexandria-based Technopref Industries build 15-foot-wide segments out of precast concrete at a facility in Cape Charles. It takes nine segments to connect into one ring, which make up the tunnel’s lining, according to VDOT. More than 21,000 segments will be needed to complete the two tunnels.

From Cape Charles, the segments are transported via barge down the Chesapeake Bay to South Island. A crane transports the segments to the TBM, which has a vacuum erector capable of precisely fitting the segmented rings into place.

As of late September, Mary had installed 244 rings and had mined nearly 1,700 feet beneath Hampton Roads harbor, according to Grow. “The entire machine is underground,” Banas says. “You can see the tunnel liner taking shape behind it.”

Mary couldn’t do its work without Katherine, the slurry treatment plant, which is named for the late Katherine Johnson, another mathematician at NASA who was played by Taraji P. Henson in “Hidden Figures.”

Slurry, a mixture of bentonite clay and water, provides a counterpressure that allows Mary to dig, according to VDOT. Slurry and debris produced by Mary’s tunnel digs are transported through 22-inch pipes to Katherine. Once the excavated material reaches Katherine, technicians monitor the process to check for anomalies.

In early September, three TBM operators were running Mary five days a week, 24 hours a day, according to Banas. Each TBM operator hails from outside North America — “just because that experience doesn’t reside here in the U.S. yet,” he says.

During their shifts, Banas explains, the operators sit in a 6-by-12-foot room with “an array of monitors and sensors in front of them that allow them to control the machine directly from their station.”

They also have plenty of folks looking over their shoulders.

“We have 100% ability to remotely monitor anything that’s going on in the machine,” Banas says. “Our contractor can … have other experts look at the data in real time and also have recordings to go back and understand how the machine is behaving.”

VDOT can do the same thing.

“We have experts that VDOT has brought in that … ensure that these machines are operating in a manner that ensures their longevity throughout their journey,” Banas explains.

Turnaround time

Workers have completed excavating a 65-foot-deep receiving pit on the North Island, according to Grow. This will be Mary’s resting spot after the TBM completes the first tunnel.

As of late September, workers were hand-tying steel rebar that will later support a 5,400-cubic-yard concrete base slab for Mary. Pouring the concrete for the slab, which was scheduled to take place in mid-October, was estimated to take about 36 continuous hours, requiring 600 concrete trucks.

“As far as we’ve been able to determine, it is the largest concrete pour in VDOT’s history and we well believe it may be one of the largest pours in the commonwealth’s history,” Banas says.

If work continues to progress at the current pace, Banas expects that they’ll begin the process of turning Mary around to dig the second tunnel by fall 2024.

“It’s going to take us between about four and five months to do that full rotation,” he says. “Because during that time … Mary will be completely out of the ground. It gives us a great opportunity to go in and inspect all of her surfaces, cutter tools, all the equipment associated with her that we can’t see when she’s actively mining.”

Banas estimates Mary will return to South Island by summer 2025. At that point, he says, Mary will be put out to pasture. The TBM was designed, Banas adds, for the conditions at the HRBT. “We have very unique geology here,” he says.

Some parts of Mary may be sold back to Herrenknecht, but mostly, the TBM will be scrapped. “We are Mary’s one and only engagement,” Banas says.

Like its namesake, Banas says, Mary can take pride in the important role it played in Virginia’s history.

In 100 years, he says, the tunnels Mary is currently digging will likely still be serving their intended purpose. “It’s pretty special,” says Banas. 

A sampling of Virginia’s major road projects

HAMPTON ROADS

Hampton Roads Bridge-Tunnel Expansion Project

Work continues on Virginia’s largest highway construction project, the $3.9 billion Hampton Roads Bridge-Tunnel (HRBT) expansion. The contract ends in November 2025, but the contractor — Hampton Roads Connector Partners, a joint venture led by Dragados USA Inc. — was about 11 months behind in January, according to the Virginia Department of Transportation. VDOT hasn’t changed the contract completion date and says the department “will continue to work with the contractor to mitigate any production delays.”

The project will widen the four-lane segments of the 9.9-mile Interstate 64 corridor between Norfolk and Hampton to six lanes on land and eight over the water with twin two-lane tunnels. Marine work laying bases for bridge trestles is ongoing.

Crews will use a $70 million custom-built tunnel boring machine (TBM) to carve out underwater paths. In June 2022, contractors finished excavating 118,000 cubic yards of soil for the TBM launch pit. In fall 2022, workers reassembled 170 pieces of the TBM on the South Island in the pit. Work on the receiving pit on the North Island is ongoing, and VDOT anticipates boring will begin in spring.

NORTHERN VIRGINIA

Improve 95

As part of the Improve 95 plan to address congestion, the state government entered into a $1 billion public-private partnership with Transurban, an Australian toll-road operations company with its U.S. headquarters in Alexandria. The $565 million Fredericksburg Extension (Fred Ex) project will extend Interstate 95 express lanes about 10 miles south to Exit 133 in Stafford County. Transurban will operate and maintain the lanes, charging variable usage tolls in a contract that continues until 2087. Construction on the project started in spring 2019. The project’s expected completion was initially late 2022 but became late 2023 due to construction delays.

SHENANDOAH/SOUTHWEST VIRGINIA

Interstate 81 improvements, Coalfields Expressway

Resulting from a 2018 study, the $2.7 billion Interstate 81 Corridor Improvement Program lists 64 planned upgrades targeting safety and reliability along the 325-mile corridor from Bristol to Winchester. It’s scheduled for completion in 2033. Improvements include interchange ramp upgrades, highway widening and auxiliary lanes. Projects are in varying stages. A recently completed project is the 0.8-mile ramp extension from Route 11 onto northbound I-81 at exit 47 in Marion that opened to traffic in July 2022. VDOT traffic engineers estimated that the extension could reduce crashes by up to 77%.

The 115-mile, $4 billion Coalfields Expressway — U.S. Route 460/121 — is slated to run through Southwest Virginia and southern West Virginia, boosting commerce and tourism. About 50 miles of the proposed expressway would run through Virginia. Construction is underway on a $207 million 2-mile section of U.S. Route 460 that will extend from near Route 604 to the existing Route 460 in Grundy, with an expected completion date in December. The federal government’s fiscal 2023 spending bill allocated $7 million to VDOT for CFX design and construction, which the state plans to use to widen the 2-mile section to four lanes. Construction is set to start in March and end in December 2023.   

Construction starts on I-495 express lanes extension

Virginia and Transurban North America officials held a groundbreaking Monday for the $660 million extension of the Interstate 495 express lanes in Fairfax County, Gov. Glenn Youngkin announced.

The 495 Express Lanes Northern Extension (495 NEXT) project is occurring on a 2.5-mile stretch between the Dulles Corridor and the George Washington Memorial Parkway and will add tolled express lanes in each direction. The project is estimated to generate more than $880 million in economic benefits and 6,300 jobs.

“The 495 NEXT project represents the commonwealth’s commitment to improving regional infrastructure and traffic flow for Virginians, our visitors and the broader business community,” Youngkin said in a statement. “Together with our partners from the public and private sectors, we are prioritizing investments in Virginia’s transportation network to keep people, goods and our economy moving.”

The project is designed to reduce congestion, support new transit services and minimize cut-through traffic in residential communities. It’s estimated to cut express lanes users’ travel times by up to 50% and reduce crashes by 20%.

Its scope includes the replacement or rehabilitation of seven bridges, replacement of nine noise walls and construction of another, environmental commitments to manage stormwater, four miles of bicycle and pedestrian construction and funding for new American Legion Bridge bus service connecting Virginia and Maryland.

Transurban, an Australian company with North American operations based in Falls Church, is Virginia’s private partner and operator of the interstates 495, 95 and 395 express lanes.

“495 NEXT expands the benefits of faster and more reliable travel to more drivers in the region,” Transurban North America President Pierce Coffee said in a statement. “We know at Transurban that regional mobility is strengthened when the public and private sectors come together and we are seeing another strong example of that marking today’s milestone.”

Transurban and the Virginia Department of Transportation completed an agreement for 495 NEXT in October 2021, and Transurban selected Lane Construction as the project’s design-build contractor. On Feb. 28, Transurban secured financing through a mix of equity and debt, including loans through the federal Transportation Infrastructure Finance and Innovation Act and the Virginia Transportation Infrastructure Bank.

The project includes the replacement or rehabilitation of seven bridges, replacement of nine noise walls and construction of another, environmental commitments to manage stormwater, four miles of bicycle and pedestrian construction and funding for new American Legion Bridge bus service connecting Virginia and Maryland.

Crews will continue early exploratory activities like surveying and begin to prepare for construction in the coming months. The extended lanes are scheduled to open in 2025.

A sampling of Virginia’s major road projects

HAMPTON ROADS
Hampton Roads Bridge-Tunnel Expansion Project

Construction on the $3.8 billion Hampton Roads Bridge-Tunnel (HRBT) expansion — the largest highway construction project in Virginia’s history — began in October 2020. The project will widen the four-lane segments of the 9.9-mile Interstate 64 corridor in Norfolk and Hampton to six lanes and create twin two-lane tunnels underwater across the harbor.

Crews will use a $70 million custom-built tunnel boring machine (TBM) to carve out an underwater path for the tunnels. HRBT is the fourth U.S. roadway project to use a TBM. The machine’s front end has a 46-foot-diameter cutterhead that will create an approximately 45-foot-wide opening. The TBM, named “Mary” after Mary Winston Jackson, the late NASA mathematician and aerospace engineer depicted in the 2016 film “Hidden Figures,” will be assembled and readied to start excavation by mid-2022. The entire project is scheduled for completion in November 2025.

 



NORTHERN VIRGINIA
Improve 95, Transform 66 projects

As part of its Improve 95 plan to relieve congestion, the state government entered into a $1 billion public-private partnership with Transurban, an Australian toll-road operations company with its U.S. headquarters in Alexandria. The Fredericksburg Extension (Fred Ex) project will extend Interstate 95 express lanes about 10 miles south to Exit 133 in Stafford County, and Transurban will operate and maintain the lanes and charge variable usage tolls in a contract that extends until 2087. Construction on the $565 million project started in spring 2019. The project is behind its scheduled opening date for this year. The current schedule is under review, and the completion date for contracted construction is now set for 2023. Developers say the extension will provide 66% more capacity during peak periods.

Further north, the Virginia Department of Transportation, the state Department of Rail and Public Transportation and I-66 Express Mobility Partners are working on the $3.7 billion Transform 66 Outside the Beltway project, which will build 22.5 miles of new express lanes alongside interstates 66 and 495. The lanes are scheduled to open in December. The project also includes improved bus service and transit routes, expanded park and ride lots, interchange improvements and 11 miles of new bike and pedestrian trails.



SHENANDOAH/SOUTHWEST VIRGINIA
Interstate 81 improvements, Coalfields Expressway

The $2.2 billion Interstate 81 Corridor Improvement Program consists of 64 planned improvements to the 325-mile corridor from Bristol to Winchester, resulting from a 2018 state study. Focused on safety and reliability, the project includes bridge replacements, ramp extensions, highway widening, curb improvements and additional auxiliary lanes. The program has a 2031 completion date, and improvements are in varying stages. One recently completed project is the replacement of nearly 60-year-old bridges over Reed Creek in Wythe County, which concluded in September 2021.

The Coalfields Expressway — U.S. Route 460/121 — will run through Southwest Virginia and southern West Virginia, boosting commerce and tourism. In January, VDOT announced a $207 million agreement to construct a 2-mile section of U.S. 460 that will extend from near Route 604 to the existing Route 460 in Grundy. Construction is expected to begin in late 2022 or early 2023. 

Sen. Kaine back in D.C. after being stuck on I-95 for 27 hours

This story was updated Jan. 4 at 4:20 p.m.

After being stranded with hundreds of other motorists on Interstate 95 for nearly 27 hours, U.S. Sen. Tim Kaine arrived at his office in Washington, D.C., just before 4 p.m. Tuesday, according to CNBC.

The 2016 Democratic vice presidential candidate wrote on his Facebook page Tuesday morning that he had been stuck on Interstate 95 overnight, since 1 p.m. Monday, penned between tractor-trailer trucks. According to the Virginia Department of Transportation, the highway was closed in both directions over a 50-mile stretch between exits 152 and 104 between Prince William and Caroline counties due to winter weather, stranding hundreds of people in cars overnight north and south of Fredericksburg.

Kaine told Washington, D.C.-area radio station WTOP, “This has been a miserable experience, but at some point I kind of made the switch from a miserable travel experience to kind of a survival project.”

“I started my normal 2 hour drive to DC at 1pm yesterday,” Virginia’s junior U.S. senator wrote just before 9 a.m. Tuesday while stranded just north of Fredericksburg in Stafford County. “19 hours later, I’m still not near the Capitol.” He posted a photo from his vehicle showing three trucks stopped in front of him. Just before 10 a.m., a staff member in Kaine’s Senate office said he had made some progress and had hoped to be in Washington, D.C., by noon. Meanwhile, WTOP reported that hundreds of vehicles were at a “standstill” overnight, although some were making their way off southbound I-95 on Exit 152 for Dumfries Road. The snarl was caused after tractor-trailers jackknifed in the winter storm, according to Associated Press reports.

Drivers reported being stranded without food in below-freezing temperatures and Kaine described on Facebook how one family making their way from Florida had walked among the vehicles passing out oranges. NBC News correspondent Josh Lederman was also among those stranded.

VDOT’s Fredericksburg district Twitter account reported power outages, multiple vehicle crashes and closed lanes beginning around noon Monday, as heavy snow fell across the state. Early Tuesday, the department reported that crews were mobilizing to take people stranded on the highway to alternate routes, using exits in Garrisonville, Carmel Church and Ladysmith to move them.

“We know many travelers have been stuck on Interstate 95 in our region for extraordinary periods of time over the past 24 hours, in some cases since Monday morning. This is unprecedented, and we continue to steadily move stopped trucks to make progress toward restoring lanes. In addition to clearing the trucks, we are treating for snow and several inches of ice that has accumulated around them to ensure that when the lanes reopen, motorists can safely proceed to their destination,” Marcie Parker, VDOT Fredericksburg district engineer, said in a statement.

Gov. Ralph Northam tweeted Tuesday morning that his team has been working with multiple state agencies — including Virginia State Police, VDOT and the Virginia Department of Emergency Management to respond to the situation. “State and local emergency personnel are continuing to clear downed trees, assist disabled vehicles and re-route drivers,” he wrote. “An emergency message is going to all stranded drivers connecting them to support, and the state is working with localities to open warming shelters as needed.”

People responding to Northam’s tweets described a dire situation, with one man saying he’s been stuck in his car for more than 18 hours without insulin and others asking why the Virginia National Guard has not been deployed. (Northam told WTOP Tuesday morning that the National Guard was available but had not been called.) About 8 p.m. Monday, VDOT Fredericksburg tweeted that their staff didn’t have a timetable or an educated guess on when traffic would resume on I-95.

“Please know our crews don’t stop,” the tweet read. “Crews will work 24/7 until ALL state-maintained roads are safe for travel.”