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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
Ohio House Passes Toll for Ohio River Bridge
In an 86-7 vote on Wednesday, the Ohio House passed legislation to toll the Brent Spence Bridge, which connects Covington, Ky. and Cincinnati, to raise revenues to make needed repairs to the structure. The bridge also connects Interstates 71 and [...]
Rhode Island Senate Finance Committee Passes Bill to Establish Infrastructure Fund, Revoke Bridge Tolls
Yesterday the Rhode Island Senate Finance Committee unanimously endorsed 2014 – S 2335, a bill to establish a statewide transportation infrastructure fund and block tolls on the Sakonnet Bridge. The act would redirect state funds to repair and maintain Rhode [...]
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