TOLL FINANCING--A SUPPLEMENTAL RESOURCE FOR TRANSPORTATION NEEDS

The International Bridge, Tunnel and Turnpike Association commissioned this study to assess the concept of toll collection as an established source of user fee revenue and a possible alternative measure in the overall long-term transportation funding debate. Its specific purpose was two-fold: to identify, to the extent possible, the maintenance expenses and possible improvement costs which would be the obligation of the respective states if the toll projects now nearing debt retirement, were made toll-free, and to explore the feasibility of continuing tolls to pay for continued high-level maintenance and operation of these highways and to help support construction and maintenance of the remaining uncompleted portions of the Interstate System, and of other needed surface transportation projects within a state. The scope of the study includes a review of pertinent information relating to current highway maintenance and capital needs, origin and operation of present toll facilities and the historical development of the nation's highway system. Information was also obtained through interviews conducted with government officials at the Federal and State level. Case studies were made of some of the toll projects due to complete bond amortization within the next few years and in turn related to the respective state's ability to absorb the costs of improving, maintaining and operating these facilities. An analysis was conducted of selected limited-across highways in Europe and Canada, and the implementation methods employed, including toll financing. The study concludes with a comparison of the realtive merits of toll financing as an alternative means of constructing, operating and maintaining limited-access highways. (Author)

  • Corporate Authors:

    Smith (Wilbur) and Associates

    1100 Connecticut Avenue, NW
    Washington, DC  United States  20036

    International Bridge, Tunnel and Turnpike Association

    1146 19th Street, NW, Suite 800
    Washington, DC  United States  20036-3725
  • Publication Date: 1977-4

Media Info

  • Features: References; Tables;
  • Pagination: v.p.

Subject/Index Terms

Filing Info

  • Accession Number: 00391659
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jan 30 1985 12:00AM