Name

Dulles Greenway

Legal name

Toll Road Investors Partnership II, L.P.

Website

https://dullesgreenway.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Sterling

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Toll Collection Revenue: Primary revenue stream from toll collection on the 14-mile privately owned toll road connecting Washington Dulles International Airport to Leesburg, Virginia. Motorists pay tolls per trip using E-ZPass transponders or cash-less payment systems. Rush hour pricing with additional $2.00 for Dulles Toll Road connection.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

The Dulles Greenway is a 14-mile privately owned toll road connecting Washington Dulles International Airport with Leesburg, Virginia, in operation since 1995. It collects tolls from motorists via Virginia E-ZPass transponders, license plate recognition/toll-by-mail, and the PayNearMe digital payment platform supporting credit/debit cards, digital wallets (Apple Pay, Google Pay, PayPal, Venmo, Cash App Pay), ACH transfers, and cash at 62,000+ retail locations. Supplementary offerings include the VIP Miles frequent rider loyalty program, Toll Rate Calculator tool, Eagle Cam wildlife viewing, and the annual Run The Greenway charity race.

Product overview

The Dulles Greenway operates as a toll road infrastructure company offering a 14-mile privately owned toll road connecting Washington Dulles International Airport with Leesburg, Virginia. The core product is the toll road itself, supported by a digital payment ecosystem centered on the PayNearMe platform (launched June 2026) which integrates with Virginia E-ZPass and accepts multiple digital payment methods including Apple Pay, Google Pay, PayPal, Venmo, and Cash App Pay. The VIP Miles Frequent Rider Program provides loyalty rewards to frequent commuters. The Toll Rate Calculator tool helps drivers estimate costs. Additional offerings include the Eagle Cam environmental initiative (a wildlife camera partnership with Loudoun Wildlife Conservancy) and the annual Run The Greenway community charity race event.

Differentiator

Problem solved

Functional benefit

Products and services

• Dulles Greenway Toll Road A 14-mile privately owned toll road connecting Washington Dulles International Airport with Leesburg, Virginia, providing a non-stop alternative to Routes 7 and 28 for Northern Virginia commuters. Operated since 1995, entirely privately funded without taxpayer dollars, regulated by the Virginia State Corporation Commission.
• PayNearMe Payment Platform A modern toll payment platform enabling drivers to pay tolls and missed toll invoices via credit/debit cards, multiple digital wallets, ACH transfer, and cash at 62,000+ retail locations including CVS, Walmart, and 7-Eleven. Allows proactive payment of missed tolls online before violation notices are generated, with real-time payment posting and bank-level encryption.
• VIP Miles Frequent Rider Program

Quantifiable outcome

• Saves 1 hour and 20 minutes per week at peak travel times for average Northern Virginia commuter
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core, flagship and minor.

• Loudoun Wildlife ConservancycoreStrategic or Co-development PartnerPartnership for Eagle Cam environmental monitoring and education program. The 149-acre Dulles Greenway Wetlands (established 1995) is managed by the Conservancy. Joint efforts include bird atlasing, Christmas Bird Count, and public wetland walks. 206 bird species documented including nesting bald eagles since 2005.
• Comstock Holding CompaniesflagshipGTM or Marketing PartnerPresenting sponsor of Run The Greenway annual charity race. Partnership for 6th annual event in 2026, raising $266,429 for 16 local charities. Comstock also sponsors Loudoun Station venue where race starts/finishes.
• American Eagle FoundationminorStrategic or Co-development PartnerPartnership supporting bald eagle conservation and educational content for the Eagle Cam program.
• Loudoun County Public SchoolscoreStrategic or Co-development PartnerHealthy Kids Initiative providing $10,000 in Physical Education grants. 29 LCPS schools participated in 2026 Run The Greenway event. Event supports youth health and activity across Loudoun County.
• Virginia Department of Transportation (VDOT)coreOthersVDOT administers the Virginia E-ZPass system. All other private toll roads in Virginia fall under the Public-Private Transportation Act (PPTA) and are regulated by VDOT, unlike Dulles Greenway which is SCC-regulated.

Scale indicators12 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Chicago Skyway: Privately operated toll road in Chicago, owned by Atlas Arteria (the same parent as Dulles Greenway) and operated under a long-term concession. The two assets share operator, governance, and recently a CEO (Kara Lawrence moved from Skyway to Greenway), making it the most directly comparable peer.
• Indiana Toll Road (ITR): Privately operated toll road under a long-term concession, originally led by Macquarie/Atlas-linked consortia. Same concession-based, rate-regulated economic model and similar end-of-concession reversion to a public authority, which structurally mirrors the Dulles Greenway under the Virginia Highway Act.
• E-470 Public Highway Authority: Semi-public toll road in the Denver metro, all-electronic (no cash plazas) and operated as a user-financed facility outside the state highway system. Directly comparable on dimensions such as E-ZPass-style electronic collection, peak/off-peak pricing, and suburban commuter use case.
• CityLink Melbourne: Urban toll road in Melbourne operated by Transurban/Atlas Arteria interests, all-electronic with tag-based billing. Closest international sister-asset under the Atlas/Transurban ecosystem and a direct benchmark for pricing structures and back-office operations.
• Northwest Parkway: Privately operated suburban toll road between Boulder and Denver/E-470. Comparable as a privately financed commuter-bypass toll road with finite concession characteristics and customer overlap with E-ZPass/interoperable networks.
• Elizabeth River Crossings: Operates tolled tunnels and bridges (Downtown/Midtown Tunnel, MLK Expressway) in Hampton Roads, Virginia under a long-term P3 concession with the Commonwealth. Most direct Virginia geographic and regulatory analog, also raising E-ZPass-style electronic tolls.
• Warnow Tunnel (Warnowquerung): Privately operated toll tunnel in Rostock, Germany owned in part by Atlas Arteria. Sister concession asset within the Atlas portfolio, useful as a peer benchmark for concession economics, even if the use case (river crossing) differs from a 14-mile commute road.

Broad incumbents

• Transportation Corridor Agencies (TCA): Public agencies operating the 51, 73, 133, 241 and 261 toll roads in Orange County, California. Comparable as a multi-asset toll-road operator with electronic tolling, congestion-management pricing and bond-financed capital structure, though run as a public agency rather than a private concessionaire.
• Pennsylvania Turnpike Commission: Large state-operated toll road system of ~550 miles with E-ZPass electronic collection and dynamic peak pricing. Comparable as a scaled toll operator with multi-year capex programs but operates under a state authority rather than a private concession.

Others

• Macquarie Infrastructure and Real Assets (MIRA): Historical owner/operator of the Dulles Greenway and a global toll-road investor (e.g., Indiana Toll Road, Chicago Skyway pre-Atlas). Useful peer for capital-structure, concession-management and exit/IPXO-style monetization strategies relevant to Atlas's holding.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/greenwayrt267
• YouTubeyoutube.com/channel/UCBdE_d2jwA2vineJ5Ix2bgw
• Facebookfacebook.com/GreenwayRt267
• Instagraminstagram.com/greenwayrt267
• LinkedInlinkedin.com/company/dulles-greenway

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dulles Greenway