- Fitch: PANYNJ And MTA Can Withstand Any Bridge, Tunnel Revenue Loss Due To Congestion Pricing
- Poll Shows Most New Yorkers Now Support Congestion Pricing
- These are just some of the toll industry developments TRN is following.
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Fitch: PANYNJ And MTA Can Withstand Any Bridge, Tunnel Revenue Loss Due To Congestion Pricing
NJ.com reports that PANYNJ officials have remained quiet about the effect Manhattan congestion zone tolling will have on bridge and tunnel traffic and their agency’s toll revenue stream. Pressed by reporters and New Jersey Governor Phil Murphy (D), who’s looking to boost his case against congestion pricing, port authority officials have promised to release relevant data.
NJ.com notes that last month — not yesterday, as the article incorrectly states — Fitch Ratings analysts commented that the congestion pricing program will likely lead to drops in toll revenue at some New York City bridges and tunnels, but that’s unlikely to have negative rating consequences. “Negative ratings actions are unlikely for [MTA Bridges and Tunnels] and Port Authority of New York and New Jersey (PANYNJ), as varied revenue streams support their financial profiles. Both [MTA] and PANYNJ have substantial financial cushions to absorb traffic declines and maintain their current ratings,” Fitch advised. Fitch concurrently issued a positive credit rating report on PANYNJ.
Company and Agency Financial Issues And Reports Congestion Pricing ETC Systems Fitch Ratings Metropolitan Transportation Authority (MTA) New Jersey New York New York City Port Authority of New York and New Jersey (PANYNJ)Poll Shows Most New Yorkers Now Support Congestion Pricing
amNY reports, poll results released this week indicate 59 percent of the 1,200 New York registered voters who responded want President Trump to let the MTA congestion pricing program continue. The survey also shows that a majority of respondents have seen mobility improvements within the congestion zone and on commutes in and out of Manhattan since the program started. Most commuters support the program, especially “adults who drive into the congestion pricing zone a few times per week or more (66% support vs. 32% oppose).”
The survey was conducted by business intelligence firm Morning Consult.
Congestion Pricing Metropolitan Transportation Authority (MTA) New York New York CityThese are just some of the toll industry developments TRN is following.
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