The price tag for the second phase is expected to be about $2.8 billion. That phase will run from Reston to Dulles International Airport, and continue into Loudoun County.
The Metropolitan Washington Airports Authority received a briefing Wednesday that shows tolls for a one-way trip may have to jump from $2.25 to $4.50 next year and go up to about $7 by 2018.
Previous estimates have shown that a one way trip on the toll road could jump to about $11 by 2030. Right now, drivers pay $2.25 for a one way trip on the toll road.
Read the full WTOP article. See the Toll Road News report.
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Well, at least that will clear up some of that toll road congestion when people stop using it.
ReplyDeleteBut this doesn't seem like a winning funding strategy for the simple reason that pricing changes behavior. You can't fund school systems with high cigarette taxes because no matter how painful for the user, consumption decreases. We saw the same with gas prices a few years ago, and so it will be with the toll road. At $11 per direction, they may only need 1/4 the traffic to generate the same revenue, but it will be interesting to see if they fail to do even that.