1. Place classification here 17.02.06 Slide 1 Type classification here Airport Connector Update Presented to Capital Region Airport Commission / February 23, 2010

2. Place classification here Slide 2 One of the only major highway projects under way in the region Economic impact: Providing jobs for Virginians during tough times (project uses local subcontractors, including small and disadvantaged businesses) Will support economic growth in the area Innovative financing: Project attracted federal loans that might otherwise have gone to another state Construction enabled through a public-private partnership, making a long-planned regional transportation connection a reality Project benefits

3. Place classification here Slide 3 Direct link to Richmond International Airport via Airport Drive at Charles City Road Expected to shorten the trip to the airport by up to 10 minutes, bypassing four traffic signals and a rail crossing and offering a congestion-free route Open to drivers in March 2011 Electronic tolling via E-ZPass (only westbound traffic from Interstate 295 will be tolled to use the Airport Connector) Project to include cultural component recognizing significant Civil War history of the area An extension of Pocahontas 895, which offers added value including weather monitoring and security cameras on the Vietnam Veterans Memorial Bridge Adding value

4. Place classification here Slide 4 1.6 miles long 4 lanes (2 each direction) 3 new bridges, widening of 1 existing bridge Interchange with Pocahontas 895 Intersections with Seven Hills Boulevard and Charles City Road Approximate design-build contract value: $39.5 million Project overview

5. Place classification here Progress update Project is approximately 50 percent complete, including: All site clearing Majority of earthwork and drainage Pile driving for all bridges Also, all design packages approved and released for construction Slide 5

6. Place classification here 17.02.06 Slide 6 Current work efforts Piers in median for bridge over Pocahontas 895 Construction of retaining walls Embankment settlement

7. Place classification here Slide 7 Upcoming work Completion of retaining walls Paving of ramps (interchange with Pocahontas 895) Bridges over Sprouse Road and over CSX railroad tracks Connection to Charles City Road

8. Place classification here Slide 8 2010 March: Fill south of bridge over Sprouse Road May: Begin construction of bridge over CSX railroad tracks June: Begin construction of bridge over Sprouse Road September: Paving at Charles City Road December: All pavement complete 2011 January-March: Signing, lighting, pavement marking March 2011: Substantial completion Major milestones

9. Place classification here Slide 9 Project accomplishments Solid safety record On schedule despite much rain and snow Completed design phase This effort exemplified the goal that VDOT sets for partnering on each of our design-build projects. – Ian Millikan, VDOT design manager

10. Place classification here 17.02.06 Slide 10 Disclaimer The Transurban Group is a triple stapled security listed on the Australian Securities Exchange comprising Transurban Holdings Limited (ACN 098 143 429), Transurban Holdings Trust (ARSN 098 807 419) and Transurban International Limited (ARBN 121 746 825). The responsible entity of the Transurban Holdings Trust is Transurban Infrastructure Management Limited (ACN 098 147 678) which is the holder of Australian Financial Services Licence Number 246 585. Transurban Infrastructure Management Limited is a wholly owned subsidiary of Transurban Limited. This publication has been prepared by the Transurban Group based on the information available as of the date hereof. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this publication. To the maximum extent permitted by law, neither any member of the Transurban Group, their directors, employees or agents, nor any other persons accepts any liability for any loss arising from the use of this publication or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of any member of the Transurban Group, their directors, employees or agents. The information contained in this publication does not take into account the investment objectives, financial situation and particular needs of any investor. Further, the information is not intended in any way to influence a person into the varying, acquisition or disposal of a financial product nor provide financial advice nor constitutes an offer to subscribe for securities in the Transurban Group. Any person intending to acquire an interest in the Transurban Group is strongly recommended to seek professional advice. The Transurban Group does not warrant or guarantee the performance, repayment of capital or a particular return of the Transurban Group. United States These materials do not constitute an offer of securities for sale in the United States, and the securities referred to in these materials have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. © Copyright Transurban Limited ABN 96 098 143 410. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the written permission of The Transurban Group.

11. Place classification here 17.02.06 Slide 11