- Tennessee DOT Counts On "Choice Lanes" To Help Relieve Nashville Congestion
- Hurricane Milton Mostly Spared Southwest Florida Barrier Island Bridges
- Canadian Pension Fund Will Acquire Five India Toll Road Concessions
- Outgoing Indonesian President Highlights Nation's Infrastructure Development Progress
- These are just some of the toll industry developments TRN is following.
This is a Subscribers-Only area. If you are a subscriber, please login. If not...
Become a Subscriber Today »
Tennessee DOT Counts On "Choice Lanes" To Help Relieve Nashville Congestion
The Tennessean (subscription required) explores the potential for Tennessee DOT’s Choice Lanes (managed toll lanes) initiative to calm traffic congestion in metro Nashville. “The choice lanes are one of several components to address the growing strain on the region’s infrastructure. In November, Nashville voters will consider a $3.1 billion transit referendum that would raise the sales tax half a cent to fund mass upgrades to the bus system, sidewalks and traffic signals.” Early voting on the referendum begins this Wednesday, October 16.
Company and Agency Financial Issues And Reports Express Lanes Tennessee Tennessee DOT Transit and Toll RoadsHurricane Milton Mostly Spared Southwest Florida Barrier Island Bridges
The News-Press reports on the significant damage some Southwest Florida barrier islands experienced during last week’s Hurricane Milton. Authorities are permitting home and business owners and property management firms to access affected communities but widespread utility outages continue and curfews are in effect.
On Saturday, the Gasparilla Island Bridge Authority reopened the Boca Grande Causeway although it sustained damage to both shoulders and drivers are urged to exercise caution. Boca Beacon reports on the storm’s devastation of the Boca Grande community.
Lee County has reopened the Sanibel Island Causeway after clearing it of debris. The facility didn’t sustain substantial damage, according to The News-Press. It is still undergoing restoration to repair the major damage caused by Hurricane Ian in September 2022.
WBBH reports, Lee County suspended toll collection on all three of its bridges last Monday, October 7, but tolling resumed Saturday, October 12, at midnight.
Florida Gasparilla Island Bridge Authority Highway-Tunnel-Bridge Maintenance Highway-Tunnel-Bridge Safety (Includes COVID-19 Impacts) Lee County (Florida)Canadian Pension Fund Will Acquire Five India Toll Road Concessions
The Economic Times reports, Quebec-based pension fund manager CDPQ is prepared to sign an agreement to acquire five build-operate-transfer toll road assets of Ashoka Concessions, a subsidiary of Ashoka Buildcon LTD. All the facilities “have an average tolling track record of 10 years with established traffic density” and report recent revenue increases. Ashoka Concessions is owned by its parent company and SBI Macquarie. The deal has a reported enterprise value of INR 4,500 crore (approximately USD 535.3 million), acccording to unnamed sources.
Ashoka Concessions is owned by its parent and SBI Macquarie. Spokespersons for CDPQ and Macquarie declined to comment. Ashoka Buildcon did not respond to a comment request.
Acquisitions and Mergers Ashoka Buildcon Canada CDPQ (Caisse de dépôt et placement du Québec) India Infrastructure Investment Trends Macquarie GroupOutgoing Indonesian President Highlights Nation's Infrastructure Development Progress
Antara News Service reports, on Friday, outgoing Indonesian President Joko Widodo summarized the infrastructure construction achieved over his ten-year term. His administration’s accomplishments include:
- 2,433 kilometers (1,512 miles) of new toll roads (1,650 kilometers more than were built over the preceding four decades);
- 26 new airports and 25 new seaports, plus the revitalization of 164 existing facilities; and
- rapid transit systems serving metro Jakarta and other cities.
(Although it wasn’t mentioned in the article, Widodo also led the creation of the country’s new capital city, Nusantara, which was the venue for his remarks.)
The president summarized his record in an address to attendees of the annual Kompas100 CEO Forum. This year’s event focused on past achievements and future policies leading to fulfillment of the nation’s Golden Indonesia 2045 Vision.
Economic & Social Considerations Affecting Transportation ETC Systems Indonesia Infrastructure Investment TrendsThese are just some of the toll industry developments TRN is following.
If you’re not already a Daily News Briefs subscriber and you want a complete picture of today’s news, click here or call 717-991-2823 for subscription information. If you’re a newcomer to TollRoadsNews.com, click here.