Stock Under $10 with 50-100% upside potential - 14 Days FREE!

TransCore Serves As Integrator For Silicon Valley’s New HOV Lane Conversion To Express Lanes

Stock quotes in this article: ROP 

Santa Clara Valley Transportation Authority (VTA) launched the first phase of its 180-mile conversion of high occupancy vehicle (HOV) lanes to Express Lanes, or commonly known as high occupancy toll (HOT) lanes, with TransCore serving as lead integrator for the project. The $11.8 million program was funded by the American Recovery and Reinvestment Act (ARRA), the Federal Value Pricing Pilot Program (VPPP) and local funding. The project is expected to be completed by 2015.

The VTA Express Lanes Program comes at a crucial time in Silicon Valley as it prepares for an expected 38 percent growth in population over the next 20 years and funding for transportation improvements is projected to grow at only a fraction of that amount.

Converting HOV to HOT lanes has become a popular approach to expand capacity on existing roadways in major urban areas across the country. Since existing HOV lanes have the available capacity to accommodate more vehicles, HOT or express lanes allow solo drivers the option to use the HOV lanes for a fee, ultimately easing congestion in the general purpose lanes. Through the use of dynamic pricing, VTA can manage the amount of traffic in the express lanes and maintain free-flowing speeds even when the general purpose lanes are congested. Motorists who use the express lanes will benefit from more reliable and expedited travel times while the revenue is reinvested in the corridor and to fund other transportation improvements.

VTA is implementing the Silicon Valley Express Lanes Program to provide congestion relief in one of its major Bay Area commuter corridors. As part of the program, the SR 237, U.S. 101, SR 85 and parts of I-680 corridor will convert the existing HOV lanes to express lanes.

The first phase of the project focused on the intersect of the major north to south interstate I-880, from Oakland south into San Jose, with SR 237, the east to west freeway. Carpools as well as clean air vehicles, motorcycles, and transit buses will continue to use the lanes free of charge. Express Lane fees will be collected electronically using the radio frequency identification (RFID)-based electronic toll collection technology already in use on the San Francisco Bay Area Bridges and elsewhere in California. Enforcement will be provided by the California Highway Patrol.

“TransCore’s traffic engineering experience combined with our knowledge implementing every aspect of electronic toll collection, from system integration to manufacturing RFID technology, allowed us to tackle challenging design aspects that VTA faced and develop a solution that addresses the traffic concerns experienced in this corridor,” explained Michael Mauritz, TransCore managing director for the Western region.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,354.40 121.18 0.80%
NASDAQ 3,498.97 33.73 0.97%
S&P 500 1,667.47 17.00 1.03%
US 10 Yr 1.949% +0.084

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs