Warner, Kaine, Scott Applaud $310.2 Million Loan to Reduce Traffic in Hampton Roads
WASHINGTON – U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) and U.S. Rep. Bobby Scott (D-VA-03) applaud a $310.2 million federal loan awarded to the Hampton Roads Transportation Accountability Commission (HRTAC) to fund the construction and implementation of much needed express lanes, a free-flowing toll system, and a new flyover ramp that together will help ease traffic congestion in the area. This Transportation Infrastructure Finance and Innovation Act (TIFIA) loan is awarded to the Hampton Roads Express Lanes Network 2026 Project by the Department of Transportation’s Build America Bureau.
“Interstate 64 is one of the Commonwealth’s most heavily trafficked routes, serving as a vital connection for families, communities, businesses, ports, and military bases,” said the lawmakers. “We’re thrilled that this federal loan will help reduce the area’s traffic bottleneck, boost the regional economy, ready our infrastructure for emergency needs, and deliver Virginians from point A to point B quickly and safely.”
The I-64/I-464 corridor is a critical route that commuters rely on and freight companies utilize to access to the Virginia Port system. The Hampton Roads Express Lanes Network 2026 Project will help reduce congested traffic in the area, as well as enhance regional resilience by providing additional capacity for emergency evacuations and allow for the more efficient deployment of military personnel. Once completed, the project is expected to deliver travel time savings of 10–15 minutes in express lanes and up to 10 minutes in general-purpose lanes.
The TIFIA loan will finance multiple segments of the project, including:
- Converting existing general-purpose shoulder into a part-time high occupancy toll (HOT) and an existing high-occupancy vehicle (HOV) lane into a HOT lane;
- Creating a new flyover ramp on the I-64/I-464 interchange; and
- Constructing and implementing a fully integrated open-road tolling system across the network.
Substantial completion is anticipated by June 2030.
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