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Atlas Arteria: Update on Virginia Highway Corporation Act of 1998

Atlas Arteria (ASX: ALX) announced that on March 11, 2026, the Commonwealth of Virginia passed a bill allowing the State Corporation Commission (SCC) to approve multi-year toll rate increases, which were previously limited to one year. This bill, effective from July 1, 2026, will also introduce procedural deadlines for toll rate applications, ensuring greater process certainty. It provides operators the ability to request toll rate increases for up to two years, aiming to streamline approvals and reduce administrative burdens for both the Commonwealth and Atlas Arteria. The legislative changes will not impact the company’s ongoing toll rate case filed in December 2025. Atlas Arteria remains committed to Virginia, focusing on building sustainable partnerships and creating long-term value.

 

 

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