- ARTBA Study Quantifies The Economic Benefits Of Higher Federal Infrastructure Spending
- TCA's 73 Toll Opened 25 Years Ago
- Michigan Enters The Race To Develop A Dynamic-Charging Roadway
- Norwegian Consumers Move Faster Than Government To End Gas-Powered Car Sales
- These are just some of the toll industry developments TRN is following.
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ARTBA Study Quantifies The Economic Benefits Of Higher Federal Infrastructure Spending
The American Road & Transportation Builders Association (ARTBA) released an analysis of the economic impact of spending proposed in the Infrastructure Investment and Jobs Act, the bipartisan measure now awaiting US House action. Major findings include, every dollar of increased federal highway and transit investment will generate as much as $3.60 in economic activity, and the economic activity spurred by that investment will support more than 250,000 new jobs — over half of which will be non-construction — by 2025. ARTBA commissioned IHS Markit to produce the analysis. A state-by-state breakdown of the bill’s projected economic benefits is also available.
American Road & Transportation Builders Assoc. (ARTBA) Transportation and Infrastructure Research & Development US Gov't Transportation Funding US Infrastructure Funding And Financing InitiativesTCA's 73 Toll Opened 25 Years Ago
The Transportation Corridor Agencies observed the the 25th anniversary of the opening of the 73 Toll Road, a San Joaquin Hills Transportation Corridor facility. TCA notes that the highway “was completed nearly four months ahead of schedule and under budget following three years of construction. The road was mainly funded with nonrecourse toll revenue bonds that are paid back with tolls and development fees rather than traditional tax funds. The project was the largest design/build contract in California history and the largest startup toll road financing in U.S. history.”
California Transportation Corridor Agencies (CA)Michigan Enters The Race To Develop A Dynamic-Charging Roadway
Electrive.com reports, “Michigan is planning to build the first public road in the United States where electric vehicles can charge wirelessly while driving. However, the competition is on, since Indiana has already begun the first phases of such a project. The ‘Inductive Vehicle Charging Pilot’, announced by Governor Gretchen Whitmer [on Tuesday], aims to embed inductive charging technology into a stretch of road that enables electric vehicles with appropriate equipment to charge while driving.” The article notes that Michigan and Indiana are not alone, as similar development projects are underway in Sweden and China.
Electric and Hybrid Vehicles Indiana Indiana Department of Transportation (INDOT) Michigan Michigan Department of Transportation (MDOT) Transportation and Infrastructure Research & DevelopmentNorwegian Consumers Move Faster Than Government To End Gas-Powered Car Sales
Motor.no (a publication of NAF, the Norwegian Automobile Federation) reports, Norway’s government wants to end fossil-fuel-powered vehicle sales by 2025. However, if present sales trends continue, electric vehicles will account for virtually all new car purchases made in the country by April 2022. According to the Road Traffic Information Council (OFV), in the first eight months of this year, gasoline and diesel cars accounted for just 4.93 and 4.73 percent, respectively, of the 110,864 total new car registrations recorded. An NAF staffer says the transition to EVs “is far earlier than even the most optimistic electric car enthusiasts thought possible.”
Electric and Hybrid Vehicles Environmental Protection Policies Procedures And Initiatives NorwayThese are just some of the toll industry developments TRN is following.
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