Daily News Briefs, November 7, 2019

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Texas Commission Approves Grand Parkway Toll Rates Increase

Houston Chronicle reports, the Texas Transportation Commission last week approved a small increase of the toll rates for Houston’s Grand Parkway. According to the newspaper, “In most cases, increases are 1 or 2 cents at entrances to the tollway — planned as an eventual third ring road for the Houston area — and 2 to 4 cents at main line toll plazas.” The rate changes will take effect on January 1. The article notes that parkway use is rising. “In its latest quarterly report, which includes June through August 2019, monthly use averaged 15.4 million transactions, with a transaction occurring every time a single vehicle passes a tolling point. Transactions for the quarter were up 8.1 percent compared to the same period last year.”

Houston Grand Parkway Houston Metro Area Texas Texas Department of Transportation (TxDOT) Toll Rate Changes

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Think Tank Recommends Nova Scotia Forgo P3 Highway Projects

Daily Commercial News reports on a recent study of Nova Scotia’s Cobequid Pass (Highway 104) toll road project that concludes “it cost $232 million [approximately US$106 million] more to build, finance, operate and maintain as a P3 project than it would have as a government-financed, delivered and maintained project.” Issued by the Canadian Centre for Policy Alternatives, an independent, progressive-oriented think tank, the report recommends that Nova Scotia discontinue the use of public-private partnerships for highway construction.

Canada Highway 104 Cobequid Pass (NS) Nova Scotia P3

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

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