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Potential for Value Pricing in Virginia

Potential for Value Pricing in Virginia. Catherine McGhee Senior Research Scientist Virginia Transportation Research Council. Value Pricing in Virginia. Over the past several years, there has been significant interest in value pricing within Virginia

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Potential for Value Pricing in Virginia

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  1. Potential for Value Pricing in Virginia Catherine McGhee Senior Research Scientist Virginia Transportation Research Council

  2. Value Pricing in Virginia • Over the past several years, there has been significant interest in value pricing within Virginia • VDOT has explored the concept at a high level in both Northern Virginia and Hampton Roads • VDOT views value pricing as an important option for travelers

  3. Value Pricing Proposal • In January 2003, VDOT, in cooperation with VDRPT, submitted a proposal to FHWA for funding under the Value Pricing Pilot Program • Focus on Northern Virginia • Scope included evaluation/analysis and outreach only – no implementation • Goal: to develop a matrix of specific facilities/corridors and value pricing scenarios

  4. Other Value Pricing Activities • I-495 PPTA involving HOT lanes • Proposal has been submitted to VDOT • Continue to monitor activities nationally and internationally for lessons learned and opportunities • Continue to monitor conditions in Virginia for conditions conducive to Value Pricing

  5. Potential for Value Pricing in Virginia Catherine McGhee 434-293-1973 Cathy.McGhee@VirginiaDOT.org

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