Transurban enters agreement to add 120 lane miles

• Transurban has signed a development framework agreement to assess an enhanced bi-directional project adding approximately 120 new lane miles to the I-95 Express Lanes.
• The company's securities responded positively following the announcement, rising 0.73% to trade at $15.28.
• The infrastructure expansion aims to increase corridor capacity by roughly 140% to drive long-term value for customers and investors.

Transurban (ASX:TCL) has executed an agreement to assess a project adding approximately 120 lane miles to the I-95 Express Lanes.

The proposed scope represents six times more lane miles than previously considered for the North American infrastructure asset.

"Opportunities of this scale in a market we know well underscore the strength and optionality of Transurban’s North American presence, as we continue to partner with government to deliver transformative infrastructure that drives long-term value for both customers and our investors," said Transurban CEO Michelle Jablko.

The company stated that the proposed 10-mile southern extension through Fredericksburg would increase total capacity by approximately 140%.

Following the announcement of the project, which anticipates a financial close in 2029 if approved, the Transurban share price was up at $15.28.

The infrastructure group recently declared a financial year 2026 final distribution of 35 cents per stapled security.

This capital allocation announcement followed an earlier agreement in June 2026 regarding the digitisation and enforcement of toll notices in New South Wales.