- Fitch: US Toll Roads Generally Recorded "Strong" Volumes In 2023
- USDOT Is Accepting Applications For SMART Grant Program's Third Funding Round
- These are just some of the toll industry developments TRN is following.
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Fitch: US Toll Roads Generally Recorded "Strong" Volumes In 2023
Fitch Ratings, in the latest update of its U.S. Airports & Toll Roads Traffic Monitor, finds that traffic performance remained strong during 2023. “Toll road traffic across the Fitch Traffic Monitor portfolio ended 2023 with traffic at 102% of 2019 levels for the year. Traffic on over half of the toll roads that Fitch tracks ended the year with annual traffic above their 2019 levels, with only three toll roads still below 90% of pre-pandemic levels.” Airport traffic also trended upward at nearly the same rate, and about 60 percent of Fitch-monitored facilities recorded annual traffic totals above their pre-pandemic levels.
Economic & Social Considerations Affecting Transportation Fitch Ratings Highway-Tunnel-Bridge Safety (Includes COVID-19 Impacts) Investment Ratings Transportation and Infrastructure Research & DevelopmentUSDOT Is Accepting Applications For SMART Grant Program's Third Funding Round
On Monday, USDOT announced it is accepting applications for a third round of Strengthening Mobility and Revolutionizing Transportation (SMART) Grants. The IIJA-funded program will fund up to $500 million in awards over five years for public sector (state, local and tribal) demonstration projects “focused on advanced smart community technologies and systems that improve transportation safety and efficiency.” The department stated it will accept applications in this round for “Stage 1 Planning and Prototyping grants. During Stage 1, the SMART program will fund technology demonstrations and prototypes that solve real-world transportation problems and build data and technology capacity. . . . Later this year, recipients of Stage 1 grants will be eligible to expand their projects through the first of several Stage 2 grant opportunities.” Grants are available for projects that demonstrate technologies related to coordinated automation, connected vehicles, sensors, systems integrations, delivery-logistics, innovative aviation, smart grid or traffic signals. Applications will be accepted online until July 12 at 5:00 PM EDT. A “How to Apply” webinar (registration required) is scheduled for May 28. USDOT’s Notice of Funding Opportunity and additional application information is available on the SMART Program website. Results of the previous funding round are also on the site.
Highway-Tunnel-Bridge Maintenance Highway-Tunnel-Bridge Safety (Includes COVID-19 Impacts) Information Technology Resources and Acquisitions Intelligent Traffic Management Systems Intelligent Transportation Systems Transportation and Infrastructure Research & Development Unmanned Aerial Vehicles (Drones) US Department of Transportation (USDOT) US Gov't Transportation Funding US Infrastructure Funding And Financing Initiatives V2X and V2V TechnologyThese are just some of the toll industry developments TRN is following.
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