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U.S. Lending $1.2B to Fund P3 HOV Deal for Capital Beltway

WASHINGTON — The U.S. Department of Transportation will lend about $1.2 billion to Transurban and Fluor Enterprises to help finance a $1.9 billion public-private partnership deal to build 14 miles of high-occupancy toll lanes on the traffic-choked Capital Beltway in Virginia, the DOT said last week.

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