Virginia Expanding its High-Occupancy Toll Lanes
Earl Swift shares the experience of waiting in one of the Beltway’s worst traffic jams: “Of all of Washington's snarled roads, perhaps none are more feared, despised, and lamented than the roughly 41 miles of I-95 between Fredericksburg and the Beltway, and I-395's nine-mile spur from there to the Potomac.”
The traffic persists, although planners have implemented a number of innovative traffic management practices: “In 1969, they installed the first reversible bus lanes in America, on I-395. A few years later they built carpooling in the same lanes — the country's first courtship with high-occupancy vehicle lanes. Later they extended HOV 18 miles southward, into the fast-rising suburbs and exurbs straddling I-95.”
Given the intractability of the corridor’s congestion, the next phase in the evolution of the Beltway commute is the High-Occupancy Toll Lane. “As originally planned, the reversible HOT lanes would continue inside the Beltway in the median of I-395 to the District's very edge: the 14th Street Bridge, where the highway crosses the Potomac. Drivers using the lanes would enjoy a high-speed shot from the far-flung suburbs all the way into town.” The lanes are scheduled to open in early 2015.
The partnership between the state and the private investor is tied to the performance of the lanes. “A key part of the $922.6 million deal — under which the state will supply $82.6 million of the project's cost, and Fluor-Transurban will pony up the balance in cash and debt — is that the HOT lanes will keep flowing at 55 mph.”
Which is where it gets tricky. Virginia’s first experiment with a public-private partnership on HOT lanes—the 495 Express Lanes—has failed to meet expectations. “So far the Beltway lanes have not enticed the number of motorists, or generated the level of revenues, the partners expected. Last year, Transurban figured it would take in $60.2 million; revenues actually totaled less than a third of that amount ($17.2 million). Weekday use was expected to reach 66,000 trips by year's end; reality delivered about 38,000,” writes Swift.