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Tolling
Tolls are highway user revenues that are collected in exchange for the usage of transportation facilities. These direct user fees are primarily collected in order to help fund transportation improvement projects.
Currently, over thirty states currently have enabling legislation to authorize tolling as a new revenue source and to fund new transportation projects. According to the National Conference of State Legislatures, 42 states have tolling authority and/or tolling facilities and 28 states have the legal authority to operate tolling facilities. Moreover, 20 states have tolling facilities that are privately operated.
Tolling is often a component of public-private partnership (P3) agreements. In recent years, there has been growing interest in pursuing these types of P3 transportation infrastructure projects, where private investors like pension funds or investment banks finance some or all of the costs of building a highway and earn a return by charging tolls.
Latest Tolling-Related News
Truck Toll Revenue Put at Risk by Federal Lawsuit
By Nick Goldstein, vice president of regulatory and legal issues, ARTBA Trucking interests have sued Rhode Island over its “RhodeWorks” tolling program, jeopardizing millions of dollars in toll revenue in the state. The federal district court litigation, which was initiated [...]
Sept. 21: State Transportation Funding News Roundup
Large trucks on the Indiana Toll Road will see 35-percent fee increases starting Oct. 5 as part of Gov. Eric Holcomb’s (R) plan to increase state transportation funding by an additional $1 billion. The increase, which amended an existing contract [...]
Sept. 6: State Transportation Funding News Roundup
Mississippi Gov. Phil Bryant (R) signed legislation into law on Aug. 29 to increase transportation funding by $200 million annually. The package will provide revenue through a variety of measures, including a portion of a settlement with BP over the 2010 [...]
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