The operators of the 495 Express Lanes have set Saturday, Nov. 17 — five days before Thanksgiving — as opening day. The two new lanes in each direction spanning 14 miles between the Springfield interchange and the Dulles Toll Road will be E-ZPass only.
The Commonwealth Transportation Board approved the financing arrangements Wednesday to make the $1.4 billion U.S. 460 toll-road project a reality. The state anticipates finalizing the deal with US 460 Mobility Partners, the project’s design-build consortium, in December, officials told the state Transportation Board.
As the opening of the Interstate 495 Express Lanes on northern Virginia’s Capital Beltway draws closer, backers of the $2 billion project say they cannot guarantee the four new HOT lanes will achieve the goal of reducing traffic congestion while simultaneously returning a profit for their private sector operator.