Monday, May 10, 2010

Governor McDonnell applies for $1 to $2 toll for I-95

Virginia Governor Bob McDonnell

RICHMOND – March 10, 2010, Governor Bob McDonnell announced his Administration’s first step forward in implementing tolling along Virginia’s border. An application has been submitted to the Federal Highway Administration to toll Interstate 95 near the North Carolina Border.

Speaking about the application, Governor McDonnell noted “After a careful review of the Commonwealth’s transportation needs, I believe the ability to toll Interstate 95 at the border will quickly enable the Commonwealth to begin addressing some of our greatest areas of concern. Such user fees will help the Commonwealth generate the revenue necessary to make much needed infrastructure and safety improvements in the I-95 corridor to better serve the traveling public and increase economic productivity.”

At the direction of the Governor, Secretary of Transportation Sean T. Connaughton submitted the tolling request under the Interstate System Reconstruction and Rehabilitation Pilot Program. Virginia currently has approval to toll Interstate Route 81 under that Pilot Program and is requesting to switch that authority to Interstate Route 95.

The Governor has written to U.S. Secretary of Transportation Ray LaHood urging a positive response to Virginia’s request.

Interstate Route 95 is one of the nation’s largest and most important transportation corridors, linking commercial and economic centers and tourist destinations up and down the East Coast. However, significant portions of Interstate Route 95 have deficient pavements and structures. These deficiencies contribute to Interstate Route 95 having one of the highest accident rates of all of the Commonwealth’s major transportation corridors.

The Virginia Department of Transportation estimates that tolling along Interstate 95 can generate between $30 to $60 million annually, if tolls are $1 to $2 per axle. All revenues generated through tolling will be used exclusively in the Interstate 95 corridor. Revenues will first be directed towards making a number of safety improvements throughout the corridor, and then making improvements to the pavement conditions and infrastructure. Once these improvements are made, the Commonwealth will begin making capacity improvements where needed.

Posted By Valerie Garner

Categories: Finance, Politics, State Politics

Tags: , ,


No Comments

Comments are not moderated. Notify any abuse at put ABUSE in the subject and the offensive post.

Leave a Reply