Jan 11 (Reuters) - Transurban Group TCL.AX :
* TRANSURBAN'S US$565MLN FREDERICKSBURG EXTENSION PROJECT APPROVED
* FINANCIAL CLOSE ON US$565 MILLION PROJECT IS SCHEDULED FOR FIRST HALF OF 2019
* TRANSURBAN'S OFFER ALSO INCLUDES ADDITIONAL PAYMENT TO VDOT OF $45 MILLION AT FINANCIAL CLOSE & $232 MILLION AT SERVICE COMMENCEMENT