This piece compares the Richmond Route 895 (Pocahontas Parkway) to the 495 Express Lanes. Both were public-private partnership toll routes that are managed by the same Australia based firm Transurban. While the Pocahontas Parkway was recently turned over to its creditors Transurban insists that there is no comparison or reason to believe that the 495 project will have the same fate. However a look at the Beltway’s HOT lane numbers show that the lanes already have far fewer drivers using them at this point than originally projected. Goes on to provide examples from across the country of other HOT lane projects that are under performing in regards to revenues and traffic, specifically in Atlanta, Los Angeles and Seattle.
