Northern Virginia Express Lanes Update on 395 Express

Northern Virginia Express Lanes Update on 395 Express Lanes and 95 Fredericksburg Extension Projects “Innovation – ITS Everywhere” ITSVA Event (Richmond, Virginia) May 16, 2019

Transurban is delivering and managing a complex network in Virginia Achieving outcomes for travelers and Virginia • 395 Express Lanes • 95 Fredericksburg Extension • Driving economic growth through partnership • Saving time and providing reliability • Operations built on innovation • Developing and expanding the network over time • Investing in community and stakeholders 2

Express Lanes time savings and reliability Average I-95 travel times throughout the day Significant travel variability in I-95 southbound regular lanes 250 60 200 50 Minutes 40 30 150 100 20 50 10 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Time of Day Time Savings Avg Travel Time - Express Lanes Avg Travel Time - Regular Lanes 0 Mon Tue Wed Avg Savings Max Savings EL Time Worst Time Thu Fri GP Time 3

Customers seeing value The vast majority of customers spend more on a single tank of gas than they do on tolls throughout an entire month. Most trips on the Express Lanes cost less than a lunch out at a fast casual restaurant. *On-road data from Q 2, Q 3 and Q 4 in 2017 4

U. S. managed lanes overview Managed lanes projects receive bipartisan support across the country Managed lanes projects in operation or under construction in the U. S. 5

395 Express Lanes typical section Three reversible Express Lanes in the median (8 mile length) • The 395 Express Lanes will extend the network 8 miles north from Turkeycock Run interchange to the Potomac River • Reconfiguration and reconstruction of two existing HOV lanes to three High Occupancy Toll (HOT) lanes, including traffic control, pavement modifications, structures, signage, pavement markings, and lighting • Operations and Maintenance remains with Transurban • No modifications to most interchanges 6

395 Express Lanes project benefits TIME SAVINGS • Average 6 to 8 minute travel time reduction in General Purpose Lanes • 15% reduction in travel times in General Purpose lanes NOISE MITIGATION • Provide opportunities along corridor to mitigate noise SAFETY • Increased capacity will reduce the potential for congestion-related crashes • Increase safety at Eads Street interchange TRANSIT/HOV BENEFITS • 35 - 50% increase in traffic volumes in HOT lanes; relieves General Purpose lanes • Increasing capacity on I-395 reduces diversion of traffic to arterial roadways • Promote HOV throughout the day (currently no incentive to HOV during off-peak) • Allow all motorists to continue north on the HOT lanes at Turkeycock Run or enter the southbound HOT lanes exiting DC 7

395 Express Lanes construction update Work continues to progress in I-395 shoulder areas • Storm drainage installation • Light pole foundations, duct bank, overhead sign foundations, toll gantries • Shoulder paving • Replacement of old guardrails with concrete barriers • 395 project remains on schedule for service commencement in late Fall 2019, within budget 8 8

395 Express Lanes key dates Milestone Date Groundbreaking August 2017 Cordon off eastern HOV shoulder Late 2017 Cordon off western HOV shoulder Fall 2018 – Winter 2019 Pentagon Parking Improvements Completion Late Spring 2019 Service Commencement Fall 2019 Final Completion Summer 2020 395 Express Lanes Project Update 9

Duke Street to Edsall Road Widening Edsall Road Interchange Replace existing Edsall Westbound to I-395 Southbound Loop Ramp with new signalized intersection Duke Street Interchange Replace existing I-395 Southbound to Duke Eastbound Loop Ramp with new signalized intersection Construction Status Activities underway include drainage, grading, retaining walls and relocation of noise walls 395 Express Lanes Project Update 10

Fredericksburg extension typical section Two new reversible Express Lanes in the median (10 mile length) 11

Fredericksburg Extension of the I-95 Express Lanes “Fred Ex” Project • The Fredericksburg Extension (Fred Ex) project will extend the existing 95 Express Lanes south another 10 miles along the I-95 median, from Route 610 to the vicinity of Route 17 in Stafford County • The project will include new access points to the existing 95 Express Lanes, construction of new ramps for access to Quantico and Old Courthouse Road, and the addition of seven new bridges • Construction is scheduled to begin in Spring 2019 and slated to open in late 2022. When completed, the extension will operate together with the future 395 Express Lanes as a single, fully-integrated Express Lanes corridor between the Potomac and Rappahannock Rivers 12