13-20 cents increase for traveling whole Expressway
A slight increase in the toll rate for the Triangle Expressway
will take effect Friday, Jan. 1, as required by the bond covenant created for the funding of the highway. The N.C. Turnpike Authority Board adopted a schedule of annual toll rate increases based on the financing requirements of the Triangle Expressway project, which set a five percent increase for 2016.
The increase will be $0.13 for N.C. Quick Pass Customers and $0.20 for bill-by-mail customers traveling the 17.4 miles between N.C. 147 at I-40 and the N.C. 55 Bypass. The new cost of the trip is $3.04 for Quick Pass customers and $4.65 for bill-by-mail customers.
Revenue raised through the tolling process is used to help pay off the bonds sold to fund the $1 billion highway, as well as overall maintenance including road repairs, signage, mowing, snow plowings and preparations.
Plans and work are currently underway for upgrades to the Triangle Expressway, with two added interchanges. One will be at Old Holly Springs/Apex Road, between U.S. 1 and the N.C. 55 Bypass in Holly Springs, scheduled to open to traffic in November 2016. The other will be in western Cary at Morrisville Parkway, scheduled to open to traffic in 2018.
Motorists who use a Quick Pass transponder on the Triangle Expressway have the largest coverage area of toll program interoperability in the nation. N.C. Quick Pass is interoperable with Georgia’s Peach Pass, Florida’s Sun Pass and with E-ZPass, which operates in 15 states in the east, northeast and midwest sections of the country.
For N.C. Quick Pass information, including payment and purchase options, call 1-877-7MY-PASS (1-877-769-7277) or visit the N.C. Quick Pass website
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