- Connecticut Expects To Ramp Up Transportation Project Borrowing And Construction
- Metro Pacific Tollways Hosts Six-Day Media Tour Of Its Facilities
- These are just some of the toll industry developments TRN is following.
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Connecticut Expects To Ramp Up Transportation Project Borrowing And Construction
CT Mirror reports, Connecticut Governor Ned Lamont (D) “is planning a major increase in borrowing to fuel the rebuild of Connecticut’s aging transportation infrastructure — something [his administration has] dangled and not delivered before. But Department of Transportation Commissioner Garrett Eucalitto, who took over the agency two years ago, said staffing enhancements and the successful launch of recent major projects leave him optimistic.”
A three-year fiscal analysis issued last week projects that the state will sell “$1.3 billion in bonds to finance transportation projects next fiscal year. And by 2026-27, it would sell $1.4 billion, a 40% increase over the $1 billion in bonds the state is projected to issue this year.” Eucalitto said he’s confident the projections are accurate, in part because of CTDOT’s recent success in filling vacancies and retaining employees. Staff shortages get part of the blame for the slow pace of project development over the administrations of Lamont and his predecessor. Senator Christine Cohen (D-12), co-chair of the legislature’s transportation committee, told CT Mirror she’s “pleased with Eucalitto’s efforts to increase DOT staff as well as with the renewed effort to grow transportation construction work.”
The article also looks at the status of Connecticut’s Special Transportation Fund, the main source of project and debt service funding. A sizeable surplus has accrued over the past three years due to an increase in tax revenue and the state’s inability to attain borrowing goals.
Company and Agency Financial Issues And Reports Connecticut Connecticut Department of Transportation (CDOT) Infrastructure Investment TrendsMetro Pacific Tollways Hosts Six-Day Media Tour Of Its Facilities
The Manila Times reports, Metro Pacific Tollways Corporation (MPTC) — “the largest private tollway developer and operator in Southeast Asia” — recently conducted a six-day promotional tour of its Philippine tollways network for a select group of media representatives and content creators. Lakbay Pinas (“Travel Philippines”) was designed to show how the company’s facilities “connect people to destinations through smooth and efficient travel.” The article recaps what participants learned touring tollways located across Luzon and the Visayas islands group. The article suggests future press and influencer tours are planned.
NLEX Corporation, an MPTC subsidiary, issued a news release with additional information about the tour and its purposes.
Metro Pacific Tollways Corporation P3 & Privatization Philippines Public Outreach And CommunicationThese are just some of the toll industry developments TRN is following.
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