Virginia State Route 895
|Maintained by VDOT|
|Length:||8.52 mi (13.71 km)|
|Existed:||1990s – present|
|West end:||I‑95 / SR 150 near Bensley|
|SR 5 near Varina|
|East end:||I‑295 near Varina|
State Route 895 (SR 895), also known as the Pocahontas Parkway and Pocahontas 895, is a primary state highway in the U.S. state of Virginia. It connects the junction of Interstate 95 and State Route 150 in Chesterfield County with Interstate 295 near Richmond International Airport in Henrico County, forming part of a southeastern bypass of Richmond. Due to a quirk in the evolution of the road, the long-planned designation of Interstate 895 could not be used.
Richmond is located on the fall line of the James River. The 8.8-mile (14.2 km) roadway features the costly high-level Vietnam Veterans Memorial Bridge over the shipping channel of the navigable portion of the tidal James River downstream from the deepwater Port of Richmond to allow ample clearance for ocean-going vessels to pass under. Two people were killed in accidents during the construction of the bridge.
The toll collection facility features the Richmond area's first high-speed open lanes, allowing vehicles to travel through the toll facility at highway speeds with an E-ZPass (formerly Smart Tag) electronic toll collection transponder.
SR 895 begins as a continuation of SR 150, also known as the Chippenham Parkway, in Bensley. From SR 150's southern terminus, SR 895 begins to rise in elevation to a massive interchange between SR 895, SR 150, and I-95. Most movements between the three roads can be made by this interchange, but there is no ramp directly connecting I-95 southbound with SR 895 eastbound. At the highway's highest point, the road leaves Chesterfield County and enters Henrico County and crosses the James River on the Vietnam Veterans Memorial Bridge. The high vertical clearance is needed for marine traffic on the James River heading to the Port of Richmond therefore negating the need for a drawbridge. As the highway descends to ground, it curves to the northeast and approaches the one toll plaza on the route. Two lanes head straight through the plaza serving as open road toll lanes for E-ZPass customers, three booths to the right serve cash and credit card users.
Past the toll plaza, SR 895 has a trumpet interchange with South Laburnum Avenue. South Laburnum Avenue connects to SR 5 (New Market Road) about 0.6 miles (0.97 km) from this interchange. Nearly three miles (4.8 km) past this interchange, the highway curves to the east southeast and has another trumpet interchange, this time with Airport Drive, a connector to the Richmond International Airport. The Airport Drive interchange is also the only interchange along SR 895 with a signed exit number, in this case, exit 3. The highway ends at a trumpet interchange with I-295, an eastern bypass of Richmond. This route is often called the "Pocahontas Parkway"
Route mileposts are typically numbered by starting at the western end and increasing to the east, but SR 895's mileposts begin at the eastern end at I-295 and increase heading west.
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The highway was built without the use of toll revenue bonds through an innovative public-private partnership. Though the road had been planned for many years, sufficient state and federal construction funds were not available when the road was finally desired. In 1995, the Virginia General Assembly passed the Public-Private Transportation Act allowing private entities to propose innovative solutions for designing, constructing, financing and operating transportation improvements. An acceptable proposal was submitted jointly by Fluor Daniel and Morrison Knudsen, and an agreement was reached.
|Length:||8.8 mi (14.2 km)|
The road was originally planned as Interstate 895. However, in January 2002, when the Virginia Department of Transportation sought the Interstate designation from the Federal Highway Administration, it was informed that the expressway was not qualified for such a designation, as federal statute 23 USC 129(a)(1)(A) provides that federal funds may not be used for a tolled Interstate. Thus, toll roads using no federal funds and free roads of any funding source are eligible for Interstate designation, but toll roads that use federal funds are not. In this case, $9.28 million of the preliminary engineering (out of a total $324 million cost) was funded by the federal government, and the project ultimately opened as a toll road, disqualifying the road as a bearer of an Interstate shield.
Because of the unique situation, the new roadway was designated as a State Route using the same number, with the expectation that it would be eligible for an Interstate designation upon completion and cession of ownership to the Commonwealth. SR 895 is one of only two routes that violates Virginia's numbering convention, in which primary state highways are numbered below 600. The other such route is the unsigned SR 785, planned as Interstate 785.
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).
Write-Off and Transfer to Creditors
In June 2012, Transurban wrote down to 0 value its 75% stake in the roadway, and reportedly considered bankruptcy. Later, in June 2013, it was announced that earnings for the road did not cover debt service, and that Transurban was planning to relinquish ownership to the consortium of European banks that provided over $300 million in financing for the project. Despite the de facto bankruptcy, normal operations for the road are expected as current revenue is sufficient to cover operating costs. On May 15, 2014, nearly a year after Transurban walked away, the toll road was transferred to DBi Services, based in northern Pennsylvania.
Criteria to be built successfully as toll road
Since there are non-toll alternative routes available, certain criteria were considered before determining that the road could be successfully built and financed through tolls.
- The relatively short road had high construction costs due principally to the requirement for a high-level bridge across the James River.
- Of local motorists, the principal beneficiaries are businesses and residents of Chesterfield County, although very little of the roadway is actually located within that county. Thus, agreement among the regional local governments to spend limited resources on a costly roadway which primarily benefits only a single jurisdiction was problematic.
- The new road saves considerable time and mileage for many users, allowing a cost/benefit decision by users to make use of the new road and payment of tolls more likely.
- Planned better access to the Richmond International Airport via an additional exit will increase usage in the future.
- The newer toll collection technology reduced operating costs and enhanced the time saving aspect for users.
Several unforeseen problems impacted the project.
- The loss of Interstate designation. This may have ended up becoming marginal, as the major volume is local users, many of whom were long aware of the high costs in time and mileage of alternative routing.
- The soil on the south side of the James River included shrink-swell clay which necessitated deeper foundations than originally planned.
- In a final design phase, officials of the City of Richmond (city limits are just north of the bridge) protested the lack of access to and from I-95 in the direction of the city. With the prospect of airport access from Route 895, Richmond feared losing tourist business. A compromise reached provided a costly ramp for traffic headed toward the city, but not one for return traffic.
Tolls on Pocahontas 895 are currently $4.15 for 2-axle vehicles at Main Plaza, and $2.35 for all vehicles at the Laburnam and Airport Drive ramps.
Beyond 2016, the tolls will escalate at "the increase in Real Gross Domestic Product per Capita from the preceding year, the increase in the Consumer Price Index from the preceding year, and 2.8%."
||This section contains a table that is missing mileposts for one or more junctions.|
The exit list is listed from east to west.
|I‑295 to I‑95 – Washington, Hopewell, Rocky Mount, NC||Exit 25 (I-295)|
|||2.9||4.7||3||/ Airport Drive (SR 281 north) – Richmond International Airport|
|||5.66||9.11||SR 5 (New Market Road) / Laburnum Avenue|
|James River||Vietnam Veterans Memorial Bridge|
|I‑95 / SR 150 north (Chippenham Parkway) – Petersburg, Richmond||Exit 67B (I-95); no access from I-95 south to SR 895 east|
|1.000 mi = 1.609 km; 1.000 km = 0.621 mi
- 2005 Virginia Department of Transportation Jurisdiction Report - Daily Traffic Volume Estimates - Chesterfield County
- 2005 Virginia Department of Transportation Jurisdiction Report - Daily Traffic Volume Estimates - Henrico County
- Google (May 31, 2014). "Virginia State Route 895" (Map). Google Maps. Google. Retrieved May 31, 2014.
- "Should you offload Transurban?" The Motley Fool. http://www.fool.com.au/2013/06/20/should-you-offload-transurban/ Accessed July 19, 2013.
- Transurban press release dated June 14, 2013. http://www.transurban.com.au/1229247.pdf Accessed July 19, 2013.
- Vaughn, Casey (June 17, 2014). "Pocahontas 895 toll road under a new operator". Richmond, VA: Richmond Times-Dispatch. Retrieved June 21, 2014.
- "Welcome | Pocahontas Parkway". www.pocahontas895.com. Retrieved March 4, 2017.
- "Letter from Transurban and Depfa Bank to the Virginia Department of Transportation" (PDF). May 2, 2016. Retrieved March 3, 2017.
- "VDOT Annual Average Daily Traffic (AADT)" (Shapefile). Virginia Department of Transportation. 2012. Retrieved May 17, 2014.
Route map: Google
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