Acquisition By Transurban
In May 2006, the Pocahontas Parkway was acquired by Transurban, an Australian corporation that runs toll roads. Transurban, which owns and operates the CityLink tollway in Melbourne and the M2 Hills Motorway toll road in Sydney, said that it had agreed to acquire a 99-year concession on the Pocahontas Parkway for a total cost of $US611 million (A$815 million). Transurban has 100% control of the parkway.
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