Tolling - a way ahead for the US?

IBTTA president Frank McCartney has urged US Congress to remove the barriers to tolling and expand the TIFIA program.
February 17, 2012 Read time: 1 min
2793 IBTTA president Frank McCartney has urged US Congress to remove the barriers to tolling and expand the TIFIA program. "Giving states the flexibility to consider tolling is even more critical now when federal and state revenues are constrained, funding needs are huge, and most public officials will not consider raising the gas tax," McCartney said. "Removing the barriers to tolling would encourage states to begin the massive effort of reinvesting in our system. That investment, in turn, would create jobs and improve the economy."

Emphasising the significance of tolling, McCartney noted that US toll agencies collect some US$10 billion in tolls annually, equal to one-third of annual federal fuel tax revenues. The TIFIA program - Transportation Infrastructure Finance and Innovation Act - provides federal credit assistance in the form of direct loans, loan guarantees, and standby lines of credit to finance surface transportation projects of national and regional significance.
Highway & Network Management

For more information on companies in this article

Related Content

  • Policy proposed for US on emissions
    July 5, 2012
    Stricter standards for particulate matter (PM) or soot proposed by the US Environmental Protection Agency (EPA) could endanger transportation improvements. That is the message from the American Road & Transportation Builders Association (ARTBA), which believes that the tougher PM standards could put federal highway funds in jeopardy. Marc Herbst, executive director of the Long Island Contractors’ Association (LICA) and chairman of ARTBA’s Council of State Executives, explained that EPA’s proposed new standa
    Read More
  • Highway developments to boost east-west transport
    February 16, 2012
    Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports
    Read More
  • S&P Global Rating: credit stability for toll road operators
    August 14, 2017
    The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag
    Read More
  • Coalition to address deterioration in US transportation system
    February 13, 2012
    The American Crisis in Transportation Coalition (ACT) has been formed to expand national understanding of the serious deterioration of America's transportation system, and to educate the public and Congress on the funding needed to save the system from continued decline.
    Read More

Highlighted Content