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News

This Saturday: Lower Toll Rates on E-470 Go into Effect

Additional Rate Reductions May Occur in 2023 and 2024

Posted on December 28, 2021 2021

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From the E-470 Public Highway Authority: 

Lower toll rates on E-470 are the gift that keeps on giving this holiday season! Starting Saturday, Jan. 1, customers will see a $0.05 reduction at all E-470 mainline tolling points and a $0.10 reduction at Toll Plaza A – one of the busiest tolling points to the south in Douglas County. Customers may see another $0.05 and $0.10 reduction in 2023 and in 2024 beginning on Jan. 1 of each year after review and approval from E-470’s Board of Directors. With recovery from the pandemic ongoing, rolling out reductions gradually over the next three years allows the E-470 Public Highway Authority to reassess toll rates and cash flows annually and adjust as needed due to recovery impacts.

The 2022 rate reduction is supported by all eight voting member jurisdictions, which includes Chaz Tedesco (Adams County), John Diak (Town of Parker), Françoise Bergan (City of Aurora), Craig Hurst (Commerce City), Bill Holen (Arapahoe County), George Teal (Douglas County), Tim Watts (Alternate for Matt Johnston, City of Brighton), and Jessica Sandgren (City of Thornton).

New Toll Rates Effective Jan. 1 to Dec. 31, 2022

New rates for E-470

Currently, E-470 has $1.4B in outstanding bond debt, which is scheduled to be paid off in 2041. Due to financial stability, historical and current debt planning, as well as debt management leveling off, the Authority can adjust toll rates while continuing to fulfill its debt obligations and still provide a high level of service for all customers. This includes preparing a significant capital plan over the next five years estimated at over $450M, which will benefit the region for years to come. The capital plan will reinvest back into the roadway through several improvement projects including roadway widening to help move more people, adding new interchanges to facilitate safer crossings, and extending the trail system adjacent to E-470 to provide better connections for pedestrians and people on bikes.

About the E-470 Public Highway Authority: E-470 is the 75-mph toll road running along the eastern perimeter of the Denver metropolitan area. E-470 is a user-financed roadway, receiving no local, state, or federal funds for financing, construction, operations, or maintenance. A political sub-division of the state, the tollway is governed by the E-470 Public Highway Authority Board composed of eight local governments including Adams, Arapahoe and Douglas counties, and the municipalities of Aurora, Brighton, Commerce City, Parker, and Thornton. Additionally, E-470 operates ExpressToll, the all- electronic toll collection system available on E-470, Northwest Parkway and CDOT’s Express Lanes. For more information, please visit e-470.com.

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