- Fitch Expects A30 Express Is Entitled to Government Compensation for Lost Toll Revenue
- Indiana Toll Road Concessionaire Supports Student Nutrition Program
- These are just some of the toll industry developments TRN is following.
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Fitch Expects A30 Express Is Entitled to Government Compensation for Lost Toll Revenue
Fitch Ratings takes the view that the A30 Express operator will receive compensation for revenues it loses during the current Quebec state of emergency and, consequently, its credit rating will not be affected. In a commentary published yesterday, Fitch took note of a sharp drop in the facility’s use and the provincial government’s order to eliminate toll collection during the COVID-19 emergency. However, it concluded that the force majeure provision in the A30 project agreement entitles the operator to compensation for lost revenue under the present circumstances.
A30 Express (Autoroute 30 Quebec) Canada Company and Agency Financial Issues And Reports Fitch Ratings Highway-Tunnel-Bridge Safety (Includes COVID-19 Impacts) QuebecIndiana Toll Road Concessionaire Supports Student Nutrition Program
KPC News Service reports, “ITR Concession Co., the operator of the Indiana Toll Road, is establishing the Indiana Toll Road-School Food Relief Fund, a $100,000 grant to help offset the costs of school backpack food programs. In Indiana, more than 47% of students receive their meals for free or at a reduced price through the National School Lunch Program. Food scarcity does not end with the school week, and many schools engage in a weekend food distribution, commonly referred to as ‘backpack and snacks’ programs. This Food Relief Fund will directly support those students who may be going without food on weekends during the COVID-19 crisis.”
Indiana Indiana Toll Road Concession Company (ITRCC)These are just some of the toll industry developments TRN is following.
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