Posted - 04/27/2015 : 15:14:31
| I-95 tolls bring in $9 million in first quarter
TRANSURBAN REPORTS USAGE AND REVENUE NUMBERS FOR FIRST QUARTER OF OPERATION
The first quarter of the Interstate 95 express lanes was a profitable one for Transurban, as the toll road operator raked in $9 million.
According to Transurban’s first-quarter statistics, an average of about 32,000 daily trips have been taken on the electronically tolled road since it opened in December. Those trips generated about $134,000 in tolls each day.
The average trip covered 12.7 miles and the average toll charge was $4.52, according to Transurban.
The express lanes have variable tolls, ranging from 20 cents to 80 cents per mile, depending on traffic congestion.
According to Transurban’s website, which provides current and past toll rates, the cost to travel the entire length of the express lanes has easily exceeded that average charge.
During the evening commuter rush on Thursday and Friday evenings, tolls to use the entire length of the lanes, from Interstate 395 to Garrisonville, have reached the $20 range.
Transurban said usage and toll earnings are in line with what it expected.
Other information released Friday showed that HOV–3 free vehicles so far have accounted for 32 percent of traffic using the express lanes. Buses have taken 27,380 trips on the lanes.
The 9-mile, two-lane stretch of the express lanes from North Stafford to Dumfries is new. A third lane was added to a 14-mile stretch of the HOV lanes in Northern Virginia.
The nearly $1 billion express lanes project was a joint venture between the state and Transurban and Fluor–Lane, private companies that put up most of the money to build the toll road in the median of the interstate.
#8203;Scott Shenk: 540.374.5436
Posted: Saturday, April 25, 2015