Toll Road Rates To Triple in Next Few Years?
MWAA officials project rising costs in order to pay for Phase 2.
The Metropolitan Airports Authority's new projections show that one-way rates on the Dulles Toll Road could triple to $6.75 by 2018 to bring in the necessary funds to pay for Phase 2 of the Metro's Silver Line.
The projections were released Wednesday at a MWAA board meeting. MWAA operates Dulles and Reagan airports as well as the toll road and is overseeing construction of Metro’s Silver Line expansion.
The projections are in line with those made several years ago. There is already a 25-cent rise - the third in three years - scheduled for Jan. 1, 2013.
The current rate of $2.25 might need to double next year, though officials say they could use $150 million in pledged funding from Virginia to stagger those increases over three years.
The price tage for Phase 2 - which will run from Wiehle Avenue to Dulles and into Loudoun County - is expected to be around $2.8 billion.