- Kapsch Chosen To Provide Chesapeake Bay Tunnels' Traffic Management And Safety Systems
- E-470 Toll Road Rates Will Remain Frozen For Another Year
- These are just some of the toll industry developments TRN is following.
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Kapsch Chosen To Provide Chesapeake Bay Tunnels' Traffic Management And Safety Systems
Kapsch TrafficCom announced that the Chesapeake Bay Bridge and Tunnel District, Virginia operator of the infrastructure that connects the Hampton Roads and Delmarva Peninsula regions, awarded Kapsch a $9 million contract to provide tunnel traffic management solutions for the district’s existing tunnels and the $756 million Parallel Thimble Shoal Tunnel now under construction. Kapsch will install the devices that ensure the safety of the tunnels, including SCADA (Supervisory Control and Data Acquisition) and electrical power control systems, as well as fire alarms, generators, CCTV equipment, deluge and fire pumps and “other critical hardware and software.” JB Kendrick, President of Kapsch TrafficCom North America, commented, “We are delighted to support a project of this scale with our technology. Connecting [Virginia’s] Eastern Shore and Virginia Beach is a key component for expansion in the area.”
E-470 Toll Road Rates Will Remain Frozen For Another Year
The E-470 Public Highway Authority announced yesterday that its board of directors voted to forgo a 2024 rate adjustment in favor of keeping tolls and discounts at current levels for another year. (The authority has a record of reducing or freezing rates.) The board unanimously approved the rate setting at its December 14 meeting despite “[i]nflation, fuel costs, supply chain impacts, and other economic factors” that affected its operations and capital planning this year and will likely impact its budget next year. “E-470 wants to be the only thing in your budget that doesn’t go up,” commented board chair John Diak, who is also a councilman in one of the authority’s constituent municipalities. “The actions taken by the Board of Directors allows E-470 to have the financial stability to support current and future improvements to the roadway that will benefit customers without raising toll rates, so they can continue to choose E-470 for a quick, safe, and reliable commute.” The news release notes that the authority, which is entirely self-funded, has $1.3 billion in outstanding bond debt scheduled for retirement in 2041. In 2023, 38 cents of every toll dollar collected was spent on debt service.
Colorado Company and Agency Financial Issues And Reports Denver CO Metro Region E-470 Public Highway AuthorityThese are just some of the toll industry developments TRN is following.
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