Daily News Briefs, June 10, 2022

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Fluor Wins A Half-Billion-Dollar TxDOT Contract To Widen I-35

Fluor Corporation announced that TxDOT has awarded it a $548 million construction contract for the I-35 Capital Express South project in Austin. Fluor executive Thomas Nilsson said, “This new award is a continuation of Fluor’s Texas-centric infrastructure focus and reinforces the strength of our relationships with state and local officials across the state.” The firm will add two non-tolled managed lanes in each direction along a congested nine-mile segment of the interstate. The project’s scope includes “a combination of at-grade and elevated lanes in the median, reconstruction of bridges and frontage roads, the addition of a shared-use pedestrian and bicycle path, and enhanced safety and mobility improvements.” Work is expected to begin late this year and be completed by late 2027.

Austin (TX) Metro Area Express Lanes Fluor Corporation Texas Texas Department of Transportation (TxDOT)

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New Law Gives New Hampshire DOT Added Leverage Against Scofflaws

New Hampshire Governor Chris Sununu (R) announced that SB 442 was one of the bills he approved this week. The measure, effective on January 1, 2023, requires suspension of a vehicle registration when the owner repeatedly fails to pay toll invoices, including amounts owed another state with which New Hampshire has a reciprocal enforcement agreement.

The Keene Sentinel reports, “In testimony supporting the bill, N.H. Turnpikes Administrator John Corcoran said a small percentage of motorists ignore months of requests and invoices to pay late tolls. Under the current system, these drivers can have a hold placed on their registration so that they will be unable to renew it. Under SB 442, the registration can be suspended before it comes up for renewal. . . . Currently there are 25,000 people whose registration is on hold until they pay the money they owe for turnpike tolls and late fees, he said.”

A summary of Corcoran’s testimony is included in a state senate hearing report on the bill.

ETC Systems New Hampshire New Hampshire Department of Transportation (NHDOT) Scofflaws Toll Enforcement Reciprocity

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Dubai Begins Courting Potential Investors In Toll System IPO

Bloomberg reports, “Dubai’s road-toll collection system is planning to kick off first meetings with select top investors as soon as this month, ahead of a potential 2022 [stock exchange] listing, people familiar with the matter said. The Salik toll system, part of Dubai’s Roads and Transport Authority, is planning group and one-on-one investor meetings in mid-June,” according to unidentified sources, who added that the listing could occur as early as September. “Details on valuation or the size of the offer weren’t immediately available.” (Link inserted by TRN)

Company and Agency Financial Issues And Reports Dubai UAE Salik Toll Collection System TransCore United Arab Emirates (UAE)

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These are just some of the toll industry developments TRN is following.

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