SHADOW TOLLS EXPECTED IN NEW BRUNSWICK

The New Brunswick government is ending the tolls on the Fredericton-Moncton four-lane access-controlled highway, fulfilling an election promise but unwinding a leading public-private partnership and forgoing potential revenue of Cdn$321 million over the next 30 years. The government is expected to introduce a system of "shadow tolls." Usage of the 195-km highway, now one-third open, will still be monitored and toll revenue--between Cdn$1 and $2.75 per car--will be calculated. This amount will be remitted to the agency that was to service the toll debt, but it will be paid from government revenues, rather than by users. From the bondholders' points of view, nothing has changed; but taxpayers, rather than users, will pick up the tab.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/19598638
• Corporate Authors:

  Public Works Financing

  147 Elmer Street
  Westfield, NJ  United States  07090-2433
• Publication Date: 2000-2

Language

• English

Media Info

• Pagination: p. 34
• Serial:
  • Public Works Financing
  • Volume: 137
  • Publisher: Public Works Financing
  • ISSN: 1068-0748

Subject/Index Terms

• TRT Terms: Bonds; Debt; Financing; Government funding; Public private partnerships; Taxes; Toll roads; Tolls
• Geographic Terms: Canada; New Brunswick
• Subject Areas: Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 00789031
• Record Type: Publication
• Files: TRIS
• Created Date: Mar 26 2000 12:00AM