- Vancouver Bridge Users No Longer Pay a Toll, but at What Cost?
- Gannett Fleming Continues to Grow through Acquisitions
- NY Thruway Authority Takes a $2.65 Billion Bond Offer to Market Next Week
- These are just some of the toll industry developments TRN is following.
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Vancouver Bridge Users No Longer Pay a Toll, but at What Cost?
CBC News reports, when the government of British Columbia stopped tolling Vancouver’s Port Mann Bridge in September 2017, average daily crossings increased by 23 percent, which means, ironically, there was a new cost to drivers: “Unsurprisingly, drivers who were accustomed to forking out the fee and cruising across the Fraser [River] suddenly found their daily commute a lot less expensive [sic] but a lot more time consuming as additional volume snarled traffic, especially during rush hour.” According to the article, the BC transport minister still maintains that removing the toll was the correct move, stating, “Our government does not believe that people should be paying tolls to fund infrastructure.”
British Columbia Canada Traffic Economics Transportation Investment Corporation (BC)Gannett Fleming Continues to Grow through Acquisitions
PennLive.com looks at Gannett Fleming’s recent acquisition of tolling consultant Traffic Technologies, Inc. (TTI), the fifth company the Pennsylvania-based engineering and infrastructure firm has bought in a little over a year.
Acquisitions and Mergers Gannett Fleming TTI ConsultingNY Thruway Authority Takes a $2.65 Billion Bond Offer to Market Next Week
The Bond Buyer (subscription required) reports, “The New York State Thruway Authority will sell its first big bond deal since getting a Moody’s Investors Service upgrade. The NYSTA is scheduled to hold a $2.65 billion transaction next week comprised of $950 million of federally taxable Series M general revenue bonds and $1.7 billion of general revenue Series 2019B junior indebtedness obligations.” The article looks at analysts’ assessments of the new bonds and notes that the thruway authority has “sold around $12 billion of debt during the past decade.”
Infrastructure Investment Trends Investment Ratings Moody's Investors Service New York New York State Thruway AuthorityThese are just some of the toll industry developments TRN is following.
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