- Duffy Extends MTA Congestion Pricing Shutdown Deadline In Threatening Tweet
- Deutsche Bank Initiates Coverage Of Ferrovial Stock
- India's Highway Minister Says Tolling Policy Reforms Are Coming
- These are just some of the toll industry developments TRN is following.
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Duffy Extends MTA Congestion Pricing Shutdown Deadline In Threatening Tweet
The New York Times reports, with less than 12 hours to go before a legally questionable deadline it imposed for the shutdown of MTA congestion pricing, USDOT granted an extension and issued a threat.
Around 2:00 PM Eastern today, Secretary Sean Duffy used social media to advise New York Governor Kathy Hochul he is extending the deadline by 30 days to allow “discussions” to continue. He added, “Your refusal to end cordon pricing and your open disrespect towards the federal government is unacceptable. . . . Know that the billions of dollars the federal government sends to New York are not a blank check. Continued noncompliance will not be taken lightly.” Duffy called congestion pricing “a slap in the face to hard working Americans,” and compared it to New York’s stance against an energy pipeline proposal supported by President Trump.
Governor Hochul’s response to the message was issued through a spokesperson: “We’ve seen Secretary Duffy’s tweet, which doesn’t change what Governor Hochul has been saying all along: the [tolling system] cameras are staying on.”
Beyond covering the deadline confrontation, The Times article looks at the broader political and legal contest between New York and the federal government over congestion pricing. It also reports on coercive measures the Trump administration may be contemplating to force New York to end tolling.
Associated Press and Gothamist also cover this developing story.
Congestion Pricing Issues of Law Metropolitan Transportation Authority (MTA) New York New York City US Department of Transportation (USDOT)Deutsche Bank Initiates Coverage Of Ferrovial Stock
Investing.com notes that Deutsche Bank has initiated coverage on Ferrovial SE, the global infrastructure firm and parent of Cintra, with a “buy” rating. Among other things, the bank’s analysts “flag the company’s strong pricing power in its toll road business, which is expected to benefit from structural factors such as population growth, rising disposable income, and limited price elasticity. The brokerage notes that the market has not fully accounted for Ferrovial’s ability to set toll prices with considerable flexibility.”
Cintra Ferrovial Investment RatingsIndia's Highway Minister Says Tolling Policy Reforms Are Coming
“Business Today” reports, India’s Road Transport and Highways Minister Nitin Gadkari told parliament yesterday that the government plans to address mounting concerns about toll costs and toll plaza proliferation by introducing a new tolling policy. He provided no details but said the problems will be resolved and the government will make reasonable concessions to motorists. Gadkari also reaffirmed the country’s commitment to toll financing of infrastructure, telling colleagues, “It is the policy of the department that when you want good road, you have to pay for it.”
The Economic Times covers Gadkari’s statement, including remarks on the scope of national highway expansion.
ETC Systems India National Highways Authority of India (NHAI)These are just some of the toll industry developments TRN is following.
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