Daily News Briefs, October 7, 2021

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Sault Ste. Marie Bridge YTD Volume Is Still Below 2020 And 2019 Totals

SooToday.com reports, the International Bridge Administration, the Sault Ste. Marie Bridge operating authority, announced that one-way traffic crossings totaled 22,147 for the month of September 2021. Overall traffic volume for the calendar year totaled 132,759 as of September 30, and continued to trail year-to-date totals recorded in 2020 and 2019. However, in a sign of improvement, the number of September 2021 crossings was 8,600 (64%) higher than the total for September 2020.

Canada Federal Bridge Corporation Ltd. (Canada) International Bridge Administration (Sault Ste. Marie International Bridge) Michigan Michigan Department of Transportation (MDOT) Ontario


Fitch Boosts Its Rating Outlook On DRJTBC Bonds

Fitch Ratings affirmed its ‘A+’ rating of the Delaware River Joint Toll Bridge Commission’s approximately $588.9 million in bridge revenue bonds series 2017, 2019A, and 2019B, and revised the Rating Outlook to Stable from Negative. Fitch commented, in part, “The Outlook revision to Stable from Negative reflects the Commission’s solid ongoing traffic recovery and improved financial metrics due to a significant toll increase implemented in April 2021. The Commission also amended its financial policy to increase its debt service coverage ratio policy target to 2.0x from 1.5x, which further supports the rating level.”

Delaware River Joint Toll Bridge Commission (DRJTBC) Fitch Ratings Investment Ratings New Jersey Pennsylvania


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

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