Parsons to Manage Design and Installation of the Nation’s First All-Lane, Dynamic-Priced Tolling on Virginia’s I-66
PASADENA, CA (June 27, 2016) – Parsons is pleased to announce that it will manage the design and installation of the nation’s first all-lane, dynamic-priced tolling system on a 10-mile segment of I-66 in Virginia from I-495 (the Capital Beltway) to U.S. Route 29 in Rosslyn, VA. Dynamic tolling—which can adjust toll pricing as often as every five minutes—will operate in the peak travel direction during weekday rush hours in order to alleviate traffic congestion into and out of Washington, D.C.
Currently, the 10-mile segment of I-66 is restricted during peak rush hours to vehicles with two or more occupants. These high occupancy vehicles will continue to travel the highway section for free, whereas single-occupant vehicles will pay a rush-hour toll based on traffic volume. All travel lanes will remain free to all motorists during off-peak periods. Toll revenue will fund new and enhanced travel options that may include bus services, upgraded and expanded bike and pedestrian access, intersection enhancements on parallel roads, Metro improvements, and travel demand solutions and technology.
“Managed lanes, tolling, and user fees are becoming a transportation infrastructure funding option of choice,” said Michael Johnson, Parsons Group President. “Parsons’ leadership and innovation in advanced transportation management solutions, including tolling, has made us a trusted partner for tolling operators and transportation agencies around the world. We are proud to lead the way with this innovative tolling solution for this important travel corridor inside the Capital Beltway.”Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit Parsons.com, and follow us on LinkedIn and Facebook to learn how we’re making an impact.