New I-495 Express Lanes Rake in Cash - NBC4 Washington
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New I-495 Express Lanes Rake in Cash

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    NEWSLETTERS

    495 Express Lanes See Financial Success

    The thought of paying a toll to get around traffic in Virginia is proving to be appealing to some. New numbers out about the 495 express lanes, show that the roads are pulling in hundreds of thousands of dollars in toll revenue. New4's Transportation Reporter Adam Tuss has the story. (Published Friday, Jan. 11, 2013)

    Officials announced today that the I-495 toll lanes have driven $828,000 in revenue since opening in November.

    Toll revenue rose from $12,212 in the first week to an average of $24,217 a day in the week leading up to the Christmas holiday. Traffic for that time period increased from 15,201 daily trips to 23,903 daily trips.

    The average cost for a ride on the Express Lanes under dynamic pricing was $1.07. For a driver traveling the full length of the Express Lanes, prices rose as high as $3.70 and fell as low as $1.65.

    Only about seven percent of Beltway drivers used the HOV lanes.