MONCTON-FREDERICTON TOLLS END

The New Brunswick government has ended tolls on the four-lane Moncton-Fredericton highway, saving Cdn$34.5 million on the project's Cdn$910.7 million cost. However, the removal of the tolls will cost the government an estimated Cdn$31 million in lost profit over the next 30 years. Put in place by the previous government, the tolls were to service Cdn$150 million in debt. Any monies in excess of the debt charges would be returned to the province; that amount is estimated at Cdn$321 million. On March 1, 2000, the government replaced the tolls with a shadow toll system.

• 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: 2000-3

Language

• English

Media Info

• Pagination: p. 28
• Serial:
  • Public Works Financing
  • Volume: 138
  • Publisher: Public Works Financing
  • ISSN: 1068-0748

Subject/Index Terms

• TRT Terms: Debt; Financing; Profits; Shadow tolls; Taxation; Toll roads; Tolls
• Geographic Terms: Canada; New Brunswick
• Subject Areas: Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 00790717
• Record Type: Publication
• Files: TRIS
• Created Date: Apr 26 2000 12:00AM