Archive for February, 2009
Legislative Update: Virginia Transportation Issues
0
With the 2009 session of Virginia’s General Assembly drawing to a close, the House and Senate have jointly approved several transportation-related bills. Among them:
SB1018/HB1580 abolishes the Hampton Roads Transportation Authority, whose revenue fees were ruled unconstitutional last year, and transfers its pursuits to the Hampton Roads Metropolitan Planning Organization. The sister Northern Virginia Transportation Authority [...]
Toll Roads Funded with Stimulus Package Face Criticism
0
More than $700 million from the stimulus funds has been set aside by the Texas DOT for toll road projects across the state. This plan, however, sparks many criticisms and questions. The general dissension is that the federal stimulus fund should benefit the over-taxed public by easing their financial burden, while more toll roads would [...]
2009 Infrastructure Rating Outlook
0
In its 2009 global infrastructure and project finance outlook, Fitch Ratings put a negative tag on U.S. toll roads, primarily due to the reduction in vehicle miles travelled (VMT) which led to less congestion on free alternatives. The political opposition to toll increases, potential increase in leverage on large regional facilities, and significant losses on [...]
PPPs Considered for Staten Island Bridge Replacements
0
Today’s Bond Buyer reported the Port Authority of New York and New Jersey is studying PPPs as an option for replacing the major crossings between New York’s Staten Island and New Jersey. Since their construction 80 years ago, the Outerbridge Crossing, Goethals, and Bayonne Bridges are all nearing the end of their useful lives, with [...]
|