CAPE CHARLES, VA – The Chesapeake Bay Bridge and Tunnel Commission voted to approve a resolution to increase the toll schedule by approximately 10% at its August 13, 2013 meeting. The new toll schedule will become effective on January 1, 2014. The Commission determined that the toll rate adjustment is necessary to fund the acceleration of the construction of the Thimble Shoal Parallel Tunnel Project (the Project) which was previously approved by the Commission at its meeting on May 21, 2013.
Following an extensive discussion and the completion of four public information sessions, a majority of Commission members concluded that the current low interest rate environment for tax exempt municipal debt, the decreased construction costs for other large scale infrastructure projects in the current economic environment and the timing of other similar local projects now underway provided an exceptional opportunity to begin the completion of the second phase of the Parallel Crossing Project that was first envisioned in 1987 and approved unanimously by the General Assembly in 1990.
The new toll rate schedule utilizes a peak season pricing methodology and includes additional round trip discounting for other classes of vehicles to minimize the impact on local citizens. As such, the proposed round trip rate for passenger vehicles only increases by $1 and the recently approved $5 commuter rate (30 one-way trips in 30 days) is preserved.