Vehicles with five axles will be charged $11.25 to travel the length of the South Bay Expressway when the toll road opens in the summer. Cars, light trucks and SUVs will be charged a $3.75 cash rate for the same distance, according to the toll road operator's Web site. Trucks with three or four axles will pay double the commuter vehicle rate.
A company called California Transportation Ventures is financing and building the $411 million project and will operate it for 35 years. In 2041, the toll road will be turned over to Caltrans. The toll rates and increases are at the discretion of the operator until 2041.
Proposals for the highway have been on the state government drawing board since 1959 but lack of public funding had stalled any progress. A final route for the road was planned in 1991 by the state government and the San Diego Expressway Limited Partnership, but a collapse in the funding at that time prompted the state to seek funding from the private sector and from federal grants.
The South Bay Expressway project differs from other toll road projects because the road will be privately owned rather than leased from a state government.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now