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Project Profiles

E-470 Tollway


Denver Metro Area, Colorado

Project Sponsor / Borrower

E-470 Public Highway Authority

The E-470 Public Highway Authority consists of eight member jurisdictions: Adams, Arapahoe, and Douglas counties and the municipalities of Aurora, Brighton, Commerce City, Thornton, and Parker. Affiliate, non-voting members are the cities of Arvada, Greeley, and Lone Tree, City and County of Broomfield, and Weld County. Ex-officio members are the Colorado Department of Transportation (CDOT), Denver Regional Council of Governments (DRCOG) and the Regional Transportation District (RTD).

Program Areas

Alternative Project DeliveryRevenue - Road Pricing RevenueRevenue - Non-Road Pricing Revenue


Toll Highway


E-470 is a toll highway that runs along the eastern perimeter of the Denver metropolitan area. The 47-mile beltway extends from State Highway C-470 at I-25 in Douglas County south of Denver, runs east and then north through Aurora, passes along the western edge of the Denver International Airport, and turns back towards the west, terminating at I-25 on the north end of the metropolitan area just south of 160th Avenue.

The project was built in four separate segments, with construction on Segment I beginning in 1989 and ending with Segment IV in 2003.

  • Segment I - Opened June 1991 - 5.1 miles
  • Segment II/III - Opened July 1998 - May 1999 - 29.3 miles
  • Segment IV - Opened January 2003 - 12.2 miles

Toll collection is fully cashless effective July 4, 2009 either by ExpressToll transponders or through License Plate Toll camera photography.

CDOT has an option to take over E-470 in 2076 after the establishment of a perpetual maintenance fund and all debt is defeased.


Total - $1.23 billion

  • Segment I - $115 million
  • Segment II/III - $663 million
  • Segment IV - $453 million

Funding Sources

Revenue bonds (backed by toll receipts, vehicle registration fees, highway expansion fees on adjacent properties, lease revenues from cellular towers, easement permit fees)

Project Delivery / Contract Method

Design-build (Segments II/III and IV)
Design-bid-build (Segment I)

Private Partner

Design-builder Segment IV - MKK Constructors (joint venture between Washington Group International, Inc. [formerly Morrison Knudsen, later purchased by URS Corporation and now owned by AECOM] and Kiewit Western)

Design-builder Segment II/III - Platte River Constructors (joint venture between Morrison Knudsen and Fluor Daniel, Inc.)

Current operator - WSP | Parsons Brinckerhoff

Project Advisors / Consultants

Piper Jaffray
Wilbur Smith & Associates
Morgan Stanley
George K. Baum



Duration / Status

Segment I opened in June 1991. Segment II/III opened between July 1998 and May 1999. Segment IV opened in 2003. A third lane was added along a portion of the southern segment (Segment I) in November 2005. All-electronic Tolling began July 2009. Construction of a third lane between Parker Road and Quincy Avenue began in spring 2016 and is expected to be complete by the end of 2017.

Financial Status



  • E-470 and its private operations contractor received a toll innovations award from IBTTA in 2000 for toll operations as well as the 2006 IBTTA President's award.
  • The successful completion of the E-470 spurred the development of the 9-mile Northwest Parkway, which was completed in late 2003.
  • E-470 provides back office support for all toll lanes in the Denver Region including the Northwest Parkway and Express Lanes facilities on I-25, U.S. 36, and I-70.

Related Links / Articles

E-470 2016 Fact File

E-470 Website


Finance information:

Jason Myers
Director of Finance

Operational information:

Dave Kristick
Deputy Executive Director/Director of Operations

E-470 Public Highway Authority
Tel: (303) 537-3470

Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000
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