Traffic Technology TodayTraffic Technology Today
  • News
    • A-D
      • Appointments & Staffing
      • Asset Management
      • Autonomous Vehicles & ADAS
      • Awards
      • Cloud Computing
      • Congestion Reduction
      • Connected Vehicles
      • Covid-19
      • Cybersecurity
      • Data & Modeling
      • Deals, Acquisitions & Mergers
    • E-J
      • Electric vehicles & infrastructure
      • Emissions & Low Emission Zones
      • Enforcement
      • Event News
      • Funding
      • Incident Detection
      • Infrastructure
      • Intersections & Traffic Signals
      • ITS
    • K-S
      • Legal / Government Regulation
      • Machine Vision / ALPR
      • Mapping
      • Mobility as a Service
      • Multimodality & Micromobility
      • Planning, Testing, R&D
      • Public transit
      • Safety
      • Smart Cities
      • Smart Parking
    • T-Z
      • Tolling
      • Traffic counting & categorization
      • Traffic Management
      • Traveler Information Systems
      • Tunnels & Bridges
      • Variable Message Signs
      • Vulnerable Road Users
      • Weather systems
  • Features
    • Features
    • Opinion
  • Online Magazines
    • September 2023
    • May 2023
    • March 2023
    • Nov/Dec 2022
    • September 2022
    • Archive Issues
    • Subscribe Free!
    • > Tolltrans
  • Videos
  • Audio
    • The Transportation Podcast
    • Additional Audio
  • Events
  • Webinars
  • Technology Profiles
LinkedIn YouTube X (Twitter)
LinkedIn YouTube X (Twitter)
Subscribe >
Traffic Technology TodayTraffic Technology Today
  • News
      • Appointments & Staffing
      • Asset Management
      • Autonomous Vehicles & ADAS
      • Awards
      • Cloud Computing
      • Congestion Reduction
      • Connected Vehicles
      • Covid-19
      • Cybersecurity
      • Data & Modeling
      • Deals, Acquisitions & Mergers
      • Electric vehicles & infrastructure
      • Emissions & Low Emission Zones
      • Enforcement
      • Event News
      • Funding
      • Incident Detection
      • Infrastructure
      • Intersections & Traffic Signals
      • ITS
      • Legal / Government Regulation
      • Machine Vision / ALPR
      • Mapping
      • Mobility as a Service
      • Multimodality & Micromobility
      • Planning, Testing, R&D
      • Public transit
      • Safety
      • Smart Cities
      • Smart Parking
      • Tolling
      • Traffic counting & categorization
      • Traffic Management
      • Traveler Information Systems
      • Tunnels & Bridges
      • Variable Message Signs
      • Vulnerable Road Users
      • Weather systems
  • Features
    • Features
    • Opinion
  • Online Magazines
    1. September 2023
    2. May 2023
    3. March 2023
    4. Nov/Dec 2022
    5. September 2022
    6. Archive Issues
    7. Subscribe Free!
    8. > Tolltrans
    Featured
    September 15, 2023

    In this Issue – September 2023

    Online Magazines By Tom Stone
    Recent

    In this Issue – September 2023

    September 15, 2023

    In this Issue – May 2023

    May 4, 2023

    In this Issue – March 2023

    March 20, 2023
  • Videos
  • Audio
    • The Transportation Podcast
    • Additional Audio
  • Events
  • Webinars
  • Technology Profiles
LinkedIn YouTube X (Twitter)
Traffic Technology TodayTraffic Technology Today
Tolling

USDOT provides US$106.95m loan to Colorado’s C-470 Express Lanes Project

Tom StoneBy Tom StoneJune 22, 20172 Mins Read
Share LinkedIn Twitter Facebook Email

US Transportation Secretary Elaine Chao has announced that the US Department of Transportation’s (USDOT) Build America Bureau will provide a US$106.95m loan to the Colorado High Performance Transportation Enterprise (HPTE) for the C-470 Express Lanes Project.

The USDOT’s Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to HPTE is at 2.81%, with a term of 35 years after substantial completion, which will finance the completion of the Express Lanes Project. The C-470 is a 26-mile long (42km) highway that runs along the southern and western part of the Denver metropolitan area, stretching between the intersection of I-25 and E-470 in the east, to the intersection of US-36 and I-70 in the west.

The Express Lanes Project is the first phase of a multi-phase project and is intended to deliver additional capacity along this congested corridor by adding express tolled lanes (ETLs) and improving road layout over approximately 11.2 miles (18km) of the highway. Substantial completion is expected in July 2019.

According to the HPTE, the Project will enhance mobility for all corridor users, regardless of whether they choose to pay for access to the C-470 Express Lanes. The HPTE expects that those who choose to use the tolled lanes during a typical evening westbound commute can experience travel time savings up to 18 minutes. The TIFIA loan will be used toward funding:

• Two westbound ETLs from I-25 to 0.9 miles east of the University Boulevard off-ramp (near Colorado Boulevard), transitioning into one ETL from that location to just east of Wadsworth Boulevard, for a total length of 11.2 miles;

• Westbound auxiliary lanes between ramps from University Boulevard to Platte Canyon Road/Chatfield Avenue and from Yosemite Street to Quebec Street;

• One eastbound ETL from Wadsworth to I-25/E-470.

The Build America Bureau, which administers the TIFIA credit program, was established as a ‘one-stop shop’ to streamline credit opportunities, while also providing technical assistance and encouraging innovative best practices in project planning, financing, delivery and monitoring. To date, the TIFIA credit program has closed US$26.4bn in financings, supporting nearly US$96bn in rail, highway and transit projects across the country.

“By leveraging a loan from the Bureau, more projects like the C-470 Express Lane Project can become viable,” said Marty Klepper, executive director of the Bureau. “We have an open door policy for any transportation project sponsor to meet with our team to discuss Bureau loan programs that could move projects forward.”

Share. Twitter LinkedIn Facebook Email
Previous ArticlePennsylvania starts innovative recycled paving pilot in Armstrong County
Next Article Jacobs to design active traffic management system for I-76 corridor in Pennsylvania
Tom Stone

Tom has edited Traffic Technology International (TTi) magazine and its Traffic Technology Today website since May 2014. During his time at the title, he has interviewed some of the top transportation chiefs at public agencies around the world as well as CEOs of leading multinationals and ground-breaking start-ups. Tom's earlier career saw him working on some the UK's leading consumer magazine titles. He has a law degree from the London School of Economics (LSE).

Related Posts

Opinion

OPINION: Why we don’t need to fear AI and machine learning

November 29, 20234 Mins Read
Tolling

Conduent Transportation implements toll relief programs to help advance equity

November 14, 20232 Mins Read
Tolling

Kapsch to provide customer service for Polish toll system

October 18, 20232 Mins Read
Latest Posts

Kapsch TrafficCom funds establishment of mobility chair

December 5, 2023

INRIX announces new AI technology that uncovers root causes of traffic problems

December 5, 2023

POLIS Conference shows how sustainable mobility action pays off

December 5, 2023
FREE WEEKLY NEWS EMAIL!

Get the ‘best of the week’ from TrafficTechnologyToday.com direct to your inbox every Thursday


Supplier Spotlight
  • Star Systems International Limited
Our Social Channels
  • Twitter
  • YouTube
  • LinkedIn
Getting in Touch
  • Free Email Newsletters
  • Contact Us
  • Meet the Editors
  • Supplier Spotlight

Upcoming Events

Jan 7
7th January 2024 - 11th January 2024

TRB Annual Meeting

Jan 9
9th January 2024 - 12th January 2024

CES 2024

Apr 16
16th April 2024 - 19th April 2024

Intertraffic Amsterdam

View Calendar
© 2023 Mark Allen Group Ltd | All Rights Reserved
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.