Luckily, private companies (and investors) are willing to step into this financial breach—paying significant up-front fees to state and local governments, quickly financing and completing transportation improvements, and using the fees from tolls to maintain these projects. For more information on how PPPs function, check out this Reason Foundation report. And with the recovery continuing to limp along, it’s reassuring to know that financial analysts see a stable future for toll roads as an industry here in the US. Though unfortunate that cities and states don’t share that strong financial outlook, PPPs offer a bright spot in an otherwise rather gloomy economic picture.
U.S. Tolling Industry Facts
About the Authors
Pat Jones is Executive Director & CEO of the International Bridge, Tunnel and Turnpike Association. Since assuming this position in 2002, Jones has built IBTTA into the principal advocate for toll-financed transportation and the leader in producing high quality educational experiences for toll industry professionals.
Rob Horr has been Executive Director of the Thousand Islands Bridge Authority (TIBA) since January 2003. Rob serves as the President of IBTTA in 2013.
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