RALEIGH – A slight increase in the toll rate for the Triangle Expressway will take effect Monday, Jan. 1, as required by the bond covenant created for the funding of the highway.
In 2008, N.C. Turnpike Authority Board adopted a schedule of annual toll rate increases based on the financing requirements of the Triangle Expressway project, which set an average 3.5 percent increase for 2018.
For NC Quick Pass customers traveling the 17.4 miles on the Triangle Expressway between N.C. 147 at I-40 and N.C. 55 Bypass, the cost will increase 12 cents to $3.25. For bill-by-mail customers, the cost will go up 16 cents to $4.97.
Revenue raised through the tolling process is used to help pay off the bonds sold to fund the $1 billion highway, as well as overall maintenance including road repairs, signs, mowing and winter weather preparation and response.
Plans and work are currently underway for upgrades to the Triangle Expressway. A new interchange at Morrisville Parkway in western Cary is being designed and is scheduled to be built in time to open to traffic in late 2019.
In August, NC Quick Pass started offering free NC Quick Pass transponders and 60 percent off NC Quick Pass E-ZPass compatible transponders ($7.40 + tax).
Motorists who use a Quick Pass transponder on the Triangle Expressway have the largest coverage area of toll program interoperability in the nation. The NC Quick Pass is interoperable with toll roads and bridges that accept Florida’s Sun Pass and Georgia’s Peach Pass.
The NC Quick Pass E-ZPass compatible transponder can also be used on dozens of toll highways and bridges across 15 additional mid-Atlantic, northeastern and midwestern states served by E-ZPass, including Delaware; Illinois; Indiana; Kentucky; Maine; Maryland; Massachusetts; New Hampshire; New Jersey; New York; Ohio; Pennsylvania; Rhode Island; Virginia; and West Virginia.