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Project Profile: E-470 Tollway

E-470 Tollway

photo credit: E-470 Public Highway Authority


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 DeliveryTolling and PricingValue Capture


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

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