A commercial and financial close was reached  August 1 on the $940-million I-95 Express HOT lanes concession in northern Virginia, marking the next phase of the state’s plans for a dynamically tolled network of managed lanes to relieve extraordinary congestion in one of the wealthiest regions of the U.S.

Toll rates are unrestricted in the 73-year DBFOM concession and can be set to maximize returns under all conditions. . .