The Bond Buyer » Tolls on interstate highways are the only way to provide the revenue stream needed to attract the level of private investment in transportation projects envisioned in President-elect Donald Trump’s 10-year, $1 trillion infrastructure proposal, according to industry efforts.
The Charlotte Observer » The North Carolina House of Representatives passed House Bill 954 to terminate the contract with I-77 Mobility Partners. The $660 million project would add toll lanes but would prohibit the state from adding free lanes to the Interstate for 50 years. The State Senate rejected the bill. Currently under construction, completion of […]
The News Journal » The Delaware Department of Transportation (DelDOT) has given notice to its contractors that work can begin on the new U.S. 301 tollway. The full project is currently valued at $643 million, and two of the four contractors are ready to break ground. The tollway is scheduled to open in 2018, and is […]
The Virginian-Pilot » This editorial tells the story about the high cost of public-private partnerships (P3s) in Virginia. Taxpayers paid $200 million for the U.S. 460 project, which never panned out. The state has already paid $580 million for the $2.1 billion Midtown Tunnel project. Drivers are currently paying higher tolls while construction is still in […]
WFAE 90.7 » Despite strong public opposition NCDOT signed a preliminary contract with Cintra Infrastructure to design, build, operate, and maintain two tolled lanes on I-77, altogether known as the I-77 Widening Project. While a few transportation officials urged caution and more review time for the 50 year deal, NCDOT moved forward stating that this was the […]
Statesville Record & Landmark » This is an update on the brewing opposition to the I-77 Widening public-private partnership (P3) project. While the state is trying to reassure the public that figures revealed that show a $9-$11 toll during peak times are based on outdated studies, some groups are not convinced. They also object to the […]