New Beltway Express Lanes losing money

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The new Beltway Express Lanes lost $11.3 million in their first six weeks of operation, new documents shown to investors from operator Transurban show.

The lanes raked in $800,000 in tolls and $200,000 in fees and other revenue but had $3.2 million in operating costs, as well as depreciation of $2.1 million and financing costs of $7 million, according to documents the Australian company showed investors and that were first reported by TollRoadsNews. The figures are in Australian dollars, which are close in value to U.S. dollars.

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