Wednesday, January 16, 2013

State Corporation Commission Approves Dulles Greenway Toll Increase

The State Corporation Commission (SCC) has approved an increase in the tolls charged for traveling the Dulles Greenway, a 14-mile roadway that runs between Washington Dulles International Airport and Leesburg, Virginia. The SCC made an adjustment that lowered the percentage of the toll increase.

Virginia law states that the Commission shall approve a toll increase request based upon the Consumer Price Index (CPI) plus one percent (Virginia Code Section § 56-542 I).

Toll Road Investors Partnership II (TRIP II), the operator of the Dulles Greenway, filed its application for a toll increase on November 14, 2012. Applying the statutory formula, TRIP II requested a 3.54 percent increase. The SCC approved an increase of 3.02 percent based upon an updated calculation of the CPI plus one percent in accordance with the statutory requirement.

For a 2-axle vehicle, the requested increase would have totaled 14 cents. The SCC approved increase equals 12 cents.

For the efficient collection of tolls paid in cash, the company rounds to the nearest nickel. The actual posted toll will increase 10 cents, from $4 to $4.10. During weekday peak periods (6:30-9 a.m. eastbound and 4-6:30 p.m. westbound), the toll increases from $4.80 to $4.90.

Updating the CPI to a more current figure does impact the posted tolls for vehicles with three or more axles. For example, the posted toll for a three-axle vehicle will be $8.20, five cents less than the company’s requested increase of $8.25. 

   For the latest Loudoun County traffic news and information, subscribe to Loudoun County Traffic via your favorite RSS reader, or get Loudoun County Traffic by e-mail.

No comments:

Post a Comment