Jeffrey Caldwell 804-786-2715
June 28, 2010
VDOT IDENTIFIES INTERSTATE 95 CORRIDOR IMPROVEMENT PROJECTS
Agency Estimates Tolling Could Generate $30 to $60 Million Annually
RICHMOND – The Virginia Department of Transportation (VDOT) recently met with the Federal Highway Administration (FHWA) to further develop plans to toll Interstate 95.
The department also has identified a preliminary list of improvement projects to be funded with revenues created by tolling.
Last month, Gov. Bob McDonnell asked FHWA if Virginia could pursue tolling I-95 by adjusting its participation in a federal pilot tolling program.
Virginia currently has approval to toll Interstate 81 as part of the Interstate System Reconstruction and Rehabilitation Pilot Program, and Governor McDonnell would like to substitute I-95 in place of I-81.
Preliminary estimates indicate tolling on I-95 would generate between $30 and $60 million in revenues each year, if the tolls are $1 to $2 per axle.
The tolls collected would assist the commonwealth with covering the funding gap for critical improvements along the corridor.
The Interstate Route 95 Corridor Improvement Project is expected to have immediate results. The improvement program in the southern portion of the corridor would focus on upgrading the existing facility.
The improvements program would concentrate on projects involving safety, pavements, structures and bridges, and operations.
Virginia is proceeding with capacity improvements in the northern portion of the I-95 corridor with the I-95/395 HOT Lanes Project. Virginia must submit an application for the tolling proposal including more details to FHWA.
Work is under way to submit the detailed proposal to FHWA before the end of 2010.
Information in VDOT news releases was accurate at the time the release was published. For the most current information about projects or programs, please visit the project or program Web pages. You may find those by searching by keyword in the search Virginia DOT box above.