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2019 SESSION

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HB 2667 Virginia Highway Corporation Act of 1988; tolls, distance-based pricing program.

Introduced by: John J. Bell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Highway Corporation Act of 1988; tolls; distance-based pricing program. Authorizes the operator of the Dulles Greenway to apply annually to the State Corporation Commission, during the period 2020 through 2029, for increases to tolls on the roadway to reflect increases in the Consumer Price Index plus one percent. The measure also requires the operator to complete by January 1, 2023, the construction and installation of improvements required to implement a distance-based pricing program for the roadway. Under the program, users will be charged tolls on the basis of the distance traveled. The operator is required to bear all expenses incurred in implementing the program. The Commission is directed to approve the program, provided that it satisfies conditions that, among other things, set tolls of $0.95 per mile at all times other than peak hours.


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