- Maryland Will Start Rate-Setting For I-95 Express Lanes In Early 2023
- Delaware River Port Authority Hasn't Raised Tolls In Over A Decade
- These are just some of the toll industry developments TRN is following.
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Maryland Will Start Rate-Setting For I-95 Express Lanes In Early 2023
The Maryland Transportation Authority (MDTA) board announced that it will hold public hearings early next year on the toll rate range setting process for the I-95 Express Toll Lanes (ETL) Northbound Extension. The $1.1 billion 12-mile extension, which was started in 2019, is expected to open as far as Maryland 152 by the end of 2024, and fully open by the end of 2027. MDTA launched the extension project based on the popularity of the existing eight miles of I-95 express lanes, which this year will have had 8.8 million users, or 3.9 million more users than projected prior to opening. Motorists in both the corridor’s express lanes and general purpose lanes have experienced faster and more reliable trips, according to MDTA.
Express Lanes I-95 Express Toll Lanes (Maryland) Maryland Maryland Department of Transportation (MDOT) Maryland Transportation Authority (MDTA)Delaware River Port Authority Hasn't Raised Tolls In Over A Decade
NJ.com reports on how the Delaware River Port Authority (DRPA), the bistate agency that operates several bridges in metro Philadelphia, has managed to go twelve consecutive years without a toll rate hike. The agency expects a $2.8 million increase in revenue next year, in part based on “traffic recovering to a modest 92.5-93% of pre-COVID numbers.” Of greater significance, however, it has “steadily reduced its debt from $1.6 billion in 2013 to less than $1 billion. Refinancing bonds in 2022 saved $3.3 million. The authority isn’t planning to borrow money in 2024. [Its] $145.5 million capital budget will be financed from the general fund, budget documents said.” According to DRPA vice chair Jeffrey Nash, “We have strategically utilized pandemic relief dollars and programs, and over the last few years, we have been able to pay down our debt, refund debt, and cut debt service costs.”
Company and Agency Financial Issues And Reports Delaware River Port Authority (DRPA) New Jersey Pennsylvania Philadelphia PA Metro AreaThese are just some of the toll industry developments TRN is following.
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