Fix 66 group applauds VDOT’s partnership finance option for I-66

Fix 66, a newly formed group to advocate for a managed lanes and bus rapid transit system to improve mobility in the I-66 corridor outside of the Capital Beltway, has applauded Virginia Department of Transportation’s (VDOT’s) announcement that they will advance a public-private partnership (P3) option for I-66 improvements to evaluate it with the previously announced public financing option. Fix 66 said, “We applaud VDOT’s decision to put the public-private partnership option on the table because maximi
July 16, 2015 Read time: 2 mins
Fix 66, a newly formed group to advocate for a managed lanes and bus rapid transit system to improve mobility in the I-66 corridor outside of the Capital Beltway, has applauded 1747 Virginia Department of Transportation’s (VDOT’s) announcement that they will advance a public-private partnership (P3) option for I-66 improvements to evaluate it with the previously announced public financing option.

Fix 66 said, “We applaud VDOT’s decision to put the public-private partnership option on the table because maximising private sector investment and ingenuity is the best approach to delivering the most benefit, reducing construction impacts, and minimizing the risk to Virginia taxpayers.  

“If VDOT decides to go it alone with the public financing option, it could be a fiasco for Virginia taxpayers and I-66 commuters resulting in a taxpayer bailout that would wipe all the current transportation funding and likely shutter local road projects throughout Virginia.

“However, we are cautiously optimistic with today’s announcement that VDOT will make the right decision in moving forward with the public – private partnership to bringing traffic congestion relief and a better quality of life to the I-66 Corridor. “
Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Carrots are proving cost-effective in Netherlands
    October 3, 2018
    There are lessons to be learned from congestion avoidance schemes in the Netherlands. David Crawford welcomes some new thinking in road pricing. Highway operators worldwide are being urged to learn from Dutch experience in using financial carrots rather than sticks to encourage drivers to avoid contributing to congestion. A Netherlands/UK group makes a convincing cost/benefit case in a new global survey of road pricing technologies, economics and acceptability. Representing the Rijkswaterstaat section of
    Read More
  • Infrastructure and the autonomous vehicle
    December 12, 2014
    Harold Worrall ponders the effect of autonomous vehicles on transportation infrastructure. For the last century the transportation industry has been focused on the supply of infrastructure to support the ever growing fleet of vehicles and the greater number of miles covered by each vehicle. Our focus has been planning, funding, designing, building and maintaining roadways. Politicians, engineers, planners, financial managers … all of us have had this focus. We have experienced demand growth since the first
    Read More
  • ITS investment on upward curve
    August 17, 2022
    More money is coming into the ITS sector – but where is it likely to go next? And what are the pros and cons of all this cash? Adam Hill talks to ITS veteran and corporate investment adviser Greg McKhann
    Read More
  • Study: How to fund Interstate highways in a way truckers and drivers can support
    July 24, 2015
    As the US Congress once again struggles to find funding for a long-term highway bill, a new Reason Foundation study details why truckers should embrace the use of tolling to finance the reconstruction and modernisation of aging Interstate highways, describes how all-electronic tolling can solve the industry’s previous privacy and logistical concerns about toll roads and proposes a set of rules to ensure that the tolls paid by truckers and motorists are used only to rebuild and widen the newly tolled Inters
    Read More

Highlighted Content