The U.S. Department of Transportation’s Build America Bureau is providing a $106.95 million Transportation Infrastructure Finance and Innovation Act loan to the Colorado High Performance Transportation Enterprise (HPTE) to finance the completion of the C-470 Express Lanes Project.
The C-470 is a 26-mile highway that runs along the southern and western part of the Denver metropolitan area, stretching between the intersection of I-25 and E-470 in the east to the intersection of US-36 and I-70 in the west. It is the first phase of a multi-phase project and is intended to deliver additional capacity along this congested corridor by adding express tolled lanes and improving road layout over approximately 11.2 miles of the highway.
According to the HPTE, the new highway will enhance mobility for all corridor users, regardless of whether they choose to pay for access to the C-470 Express Lanes. The HPTE expects that those who choose to use the new highway during a typical evening westbound commute can experience travel time savings up to 18 minutes.
Substantial completion is expected in July 2019.