Question: What will last nearly 70 years, totals almost $2.7 billion in revenue and is set for approval this week?
Answer: A framework agreement dividing up funding for government transportation projects from the eight-mile I-395 Express Lanes extension to run north to the D.C. line.
As part of the agreement between the Virginia state government and Transurban, which is building and will operate the I-395 toll lanes, the latter will provide the former an annual payment starting at $15 million and escalating each of the succeeding 67 years, to serve as a concession fee.
