Daily News Briefs, June 14, 2019

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Four Yale Economists Explain Why Connecticut Should Adopt Tolls

Hartford Courant publishes an op-ed column penned by four Yale academics entitled, “How We Learned to Love the Toll.” They write, “The fact is that [Connecticut] needs a new revenue source to fix transportation and grow our economy. As economists and residents of Connecticut, we want taxes that are simple to administer, provide good rather than bad incentives and are in large part paid for by people who benefit. Tolls fit the bill.” The authors add, “It is time for Democratic legislators to come out of hiding and support the only fair way of funding transportation improvements. For Republican legislators who have trouble getting behind anything that smells of taxation, it might help to think of Gov. Lamont’s toll proposal by a more traditional legal term: a tariff that will substantially fall on our fair state’s imported drivers.”

Connecticut Connecticut Department of Transportation (CDOT)

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E-470 Widening Project Kicks Off Monday

The E-470 Public Highway Authority announced that construction crews will begin early work on its Quincy Avenue to I-70 road widening project on Monday morning, June 17. Activity will then occur nightly (Sunday through Thursday from 7 PM to 5 AM) starting June 17 and continue until early August, after which earth moving will begin during daytime hours.

Colorado Denver CO Metro Region E-470 Public Highway Authority

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Kroll Assigns A+ Rating to PA Turnpike Revenue Bonds

Kroll Bond Rating Agency announced that it “assigned a long-term rating of A+ and Stable outlook to the Pennsylvania Turnpike Commission Turnpike Subordinate Revenue Bonds, Series A of 2019. KBRA additionally affirmed the long-term rating of AA- and Stable outlook on the Commission’s outstanding Turnpike Revenue Bonds and long-term rating of A+ and Stable outlook on the Commission’s outstanding Turnpike Subordinate Revenue Bonds.”

Investment Ratings Pennsylvania Pennsylvania Turnpike Commission

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Tokyo Olympics Organizers Weigh Expressway Congestion Pricing

The Asahi Shimbun reports that congestion pricing of a major Tokyo expressway is one of the traffic management ideas under consideration by officials organizing the 2020 Olympics.

Congestion Pricing Japan

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