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.

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  • 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:

Subject/Index Terms

Filing Info

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