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.
Read more about this topic: Virginia State Route 895
Famous quotes containing the word acquisition:
“Whatever may be our just grievances in the southern states, it is fitting that we acknowledge that, considering their poverty and past relationship to the Negro race, they have done remarkably well for the cause of education among us. That the whole South should commit itself to the principle that the colored people have a right to be educated is an immense acquisition to the cause of popular education.”
—Fannie Barrier Williams (1855–1944)