Illiana Expressway gets last needed local approval amidst confusion over investors role - now up to FedsBy Peter Samuel 7 hours ago
2013-12-12: The Illiana Expressway today got its last necessary local approval at a meeting of the Northwest Indiana Regional Planning Commission. By a vote of 29 to 8 local officials voted to place their 10 miles of the 47 mile tollroad in the region’s longrange transportation plan. Because of vote weighting rules this translated into 76 to 20 official result.
Within a broader review of US transport infrastructure securities - ports, airlines are also covered - Fitch Rating analysts say the recent slow growth in aggregate traffic is likely to continue but that many established pikes look financially solid because of their pricing power - tolls that have been well below revenue maximizing levels.
2013-12-10: North Texas Tollway Authority report they’re into their sixth consecutive day of maintenance crews doing twin 12 hour shifts plowing snow and spreading sand and salt to keep their pikes open. As of 5am this morning they reported roadway sensor readings on decks of overpasses and bridges as ranging between 18.5F and 21.9F, -7.5C and -5.6C. As of 11am this morning the range was 24.6F to 35.4F, -4.1C to 1.9C.
New East Span of Bay Bridge in serious danger due to incompetence of specs testing & oversight - engineers in report to state senateBy Peter Samuel 4 days ago
2013-12-08: A group of prominent metallurgical engineers say that the Caltrans, the bridge builders and the Bay Area Toll Authority (BATA) have shown “woefully inadequate” understanding of hydrogen embrittlement problems that led to the failure of anchor rods in the new $6.4 billion main self anchoring span (SAS) of the Bay Bridge.
Pennsylvania Turnpike Commissioner Pasquale “Pat” T. Deon appears headed toward another four-year term after the Pennsylvania State Senate Transportation Committee unanimously approved his nomination this week. The full Senate is expected to follow suit and approve the nomination, possibly this week.
2013-12-05: The new Democrat Governor of Virginia Terry McAuliffe said today he’s going to “take a hard look” at whether to proceed with the US460 tollroad in southeastern Virginia. The 55 mile, 89km project to provide a second expressway connection between the I-95 corridor and the Norfolk/Hampton Roads ports area was pushed strongly by his Republican predecessor Bob McDonnell.
2013-12-04: Moody’s Investor Services have uprated the outlook for US tollroads from negative to stable. They think traffic should grow 1.5% on a median basis in 2014, which they describe as a “sustainable comeback” from the 3% decline since 2009.
They think toll revenues should grow to a “mid-single digit percentage range” in 2013 and 2014 which we guess means 4% to 6%.
2013-12-04: So far 3M has had all the sales of 6C transponders in the North American toll market but that has changed today with the announcement that Confidex of Finland has made a sale to E470 Public Highway Authority which does the electronic tolling for three toll facilities in the Denver CO area. It’s a small sale of about $30,000, we understand for supply of 50,000 tags.
That’s 60c apiece!
Amazon’s prototype Prime Air delivery drone looks like a very practical way for big automated warehouse vendors to get into lowcost retailing of perishables like fruit, meat, fish and milk. As well as giving new meaning to Express delivery service.
The E-ZPass Group has announced work with OmniAir Certification Services (OCS) to specify a testing program for ensuring full compliance of competitive equipment with E-ZPass readers and tags. OCS was hired by the E-ZPass Group for fees of around $50,000 to detail the testing needed. The documents are due to be completed by the end of the year.