An errant truck crashed into a toll booth at the Ohio Turnpike's Westgate mainline toll plaza Sunday night. The toll collector in the struck toll booth was able to clamber out a window of the booth, according to early reports.
Former chairman of the Securities and Exchange Commission, Arthur Levitt says that America's municipal ('muni') bond needs reform along with private sector bond trading. Muni bonds are more susceptible to default, he says, than commercial bonds because of their greater "opacity" and the lack of consistent and enforced standards.
"Self-layoff" Alan LeBovidge looks like being the last full chief executive of the Massachusetts Turnpike Authority (MTA). Jeffrey B Mullan, undersecretary of the Executive Office of Transportation (or state DOT) is only assuming the CEO position on an acting basis.
Leading Big Dig building contractor Modern Continental pled guilty in US Court in Boston today to 40 out of 50 charges of fraud, making false statements, and other misconduct in connection with shoddy work that led to a fatal ceiling collapse and water leaks in tunnels.
US House Transportation chair Rep James Oberstar is attempting to backtrack from his recent advocacy of swift action to institute a national vehicle-miles charge. He has had an aide claim the press "mistook" him.
The aide John Schadl put out a statement this week as follows:
State Highway 45 Southeast tollroad (TR) opened today May 7, the fifth pike in the Austin Texas metro area. A 12km (7.5 mile) 4-lane expressway it provides improved east-west connectivity in the southern part of the Texas' capital area, as well as being the final leg, in combination with SH130 tollroad, of an eastern bypass or half-belt route on the eastside of the 1m pop metro area.
Alan LeBovidge executive director of the Massachusetts Turnpike has resigned, saying in a letter to Turnpike chairman and secretary of transportation James Aloisi that Turnpike policy is now being driven by politics and no longer is focussed on the financial crisis he was hired to address.
An aide to Senator Jeff Bingaman called TOLLROADSnews this morning. She hotly denies that S884 and S885 were written in collaboration with anti-privatization lobbyists at ATA and OOIDA, as we reported. She also denied the press release that first appeared April 28 or April 29 was backdated to April 24.
Nevada is living up to its reputation for gambling and glitz. Its senate has managed to pass by 15 votes to 6 the nation's wildest law on toll road concessions. SB206_R1 purports to welcome investment in private tollroads but lays down a pair of mile-high obstacles:
Allen & Overy, a major international law firm say in a commentary that US Senate bills 884 and 885 would "compound the capital starvation of the US transportation network" and could "end the US market for tollroad P3s" (public private partnerships, also known as longterm leases, or concessions). They say S884 titled the "Transportation Equity for All Americans Act" (S.