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.

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  • 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:

Subject/Index Terms

Filing Info

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