Friday, July 27, 2007

Dulles Greenway Seeks Yet Another Toll Increase

According to a news release on the Dulles Greenway Web site, Toll Road Investors Partnership II, L.P. (TRIP II), owner of the Dulles Greenway, the tolled highway which extends 14 miles from Leesburg to the Dulles International Airport, has filed a new toll schedule application with the State Corporation Commission (SCC) which regulates the scheduled tolls on the Dulles Greenway.

The rates just went up, with the maximum toll for cars to be $2.70 and has a maximum ceiling of $3.00 effective July 1, 2007. The new application requests a toll schedule that provides small incremental increases in the 2-axle vehicle toll over five years to a new maximum toll cap for off-peak traffic of $4.00, effective January 1, 2012.

Mr. Tom Sines, Chief Executive Officer of TRIP II was quoted as saying, “Under the requested toll schedule, the Dulles Greenway will continue to provide significant value for money to road users. We believe the requested toll schedule satisfies the regulatory requirements.”

Read more in the Dulles Greenway news release on the toll increase request, along with an executive summary of the application. For more information on the Dulles Greenway, visit their Web site at http://www.dullesgreenway.com/.

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