|
1995
|
|
The Virginia General Assembly passes the Public-Private Transportation Act allowing private groups to raise money to build and operate transportation facilities. This helps generate transportation funding that otherwise would not be available.
|
|
1997
|
|
The non-profit Pocahontas Parkway Association is formed to issue bonds for constructing and operating Pocahontas 895. This is Virginia's first-ever PPTA project.
|
|
Fall 1998
|
|
Construction on the Pocahontas Parkway begins.
|
|
May 2002
|
|
Pocahontas Parkway's eastbound roadway opens to traffic on May 22.
|
|
September 2002
|
|
Pocahontas Parkway- which cost $314 million - opens fully to traffic on September 20.
|
|
|
|
Pocahontas Parkway's high-rise bridge over the James River is dedicated as the Vietnam Veteran's Memorial Bridge. This dedication honors the 1,305 Virginians who died during that conflict and those who remain missing in action on September 21.
|
|
June 2006
|
|
The Virginia Department of Transportation and the Pocahontas Parkway Association agree to a 99-year lease for Transurban to manage the Pocahontas Parkway at a cost of $611 million. Transurban assumes management June 2006.
|
|
December 2006
|
|
The American Road & Transportation Builders Association honors Pocahontas 895 as one of the year's best examples of a public-private transportation project.
|
|
Summer 2007
|
|
Virginia's electronic toll collection system shifts from using the name Smart Tag to E-ZPassTM.
|
|
July 2007
|
|
Transurban secures loans through a special Federal Highway Administration (FHWA) program (TIFIA) to construct the Airport Connector Road and refinance a portion of existing project debt.
|
