Re: How are those HOT Express Lanes Doing? Do taxpayers have to bail the company out?
Posted by:
Australian Owned
()
Date: May 24, 2016 09:01PM
Back in 2015- (Nice to know that the Express road is owned by Australia)
The private sector firm that operates the 495 Express Lanes along the Beltway in Northern Virginia is down more than $230 million on its investment in the two and a half years since the highway opened, but company officials say toll revenues are beginning to consistently exceed operating costs, a sign the project is winning over commuters in one of the region’s most congested corridors.
Transurban, the Australia-based toll road builder that operates high-speed HOT (high-occupancy toll) lanes on I-495 and I-95, has said all along it would take years to turn a profit on its enormous investments in Northern Virginia.