Requires the department of transportation to: (1) Develop and operate express toll lanes on Interstate 405 between the city of Bellevue on the south end and Interstate 5 on the north end;

(2) Conduct an evaluation of the project;

(3) Conduct a traffic and revenue analysis for the development of a forty-mile continuous express toll lane system that includes state route number 167 in King county and Interstate 405; and

(4) Use the information from the analysis to develop a finance plan to fund improvements in the forty-mile corridor.