Fitch Ratings analysis points up problems for toll express lanes - both <forecast and >forecast, politically driven price caps & new capacityBy Peter Samuel 28 days ago
2013-11-07: Fitch Ratings analysts see toll express or managed lanes (MLs) as especially difficult to assess for financial viability, saying that they vary enormously one to another, and are likely to demonstrate very different performance and be subject to greater volatility than regular toll roads.
Texas DOT is launching public outreach and consultation for the I-35 Northeast Expansion Project which proposes construction of express toll lanes along about 15 miles of the interstate from I-410 in San Antonio to FM1103 in Schertz. Public meetings are scheduled for Schertz October 28 and Windcrest Oct 29 and the presentation materials will be available online at www.txdot.gov search I-35 Northeast San Antonio.
2013-05-13: The New York investment rater Moody's says in a new report that toll express or managed lane projects can achieve investment grade ratings, but it will be tough. They call the service provided by toll express lanes (TELs) desirable but discretionary and hence difficult to forecast. TELs can be expected to have generally greater risks than regular toll projects, the rater says.
2012/12/16: An Archer Western, Granite, Lane team (AGL Constructors) has been chosen for an initial contract for what will eventually be a $4.8 billion 28 mile, 45km rebuild of TX/I-35E adding general purpose and toll express or 'managed' lanes to the freeway. The initial contract is for $1.1b.
2012-09-17: Texas DOT is moving to add a $1.3 billion rebuild/toll lanes project on I-35W to the North Tarrant Express concession. They say in an announcement today they hope to have the entire project under the amended concession contract by year's end.
An Interstate 90 Corridor Planning Council comprising a bunch of different municipalities and agencies has reached a consensus that dynamically priced toll lanes are needed going northwest out of Chicago some 21 miles on the Jane Addams Memorial (JAM) Tollway. And it says the 7.3 miles of the Kennedy Expressway need similar treatment.
Motorists paying for trip time reliability in toll managed lanes - FL/I-95 Express featured as Fitch Ratings case studyBy Peter Samuel on April 4, 2012
A 'special report' on toll managed lanes by Fitch Ratings finds that they maintain substantial traffic at uncongested times, apparently based on their promise of more predictability in trip times. To capture this idea the report is headlined "Paying for predictability: US Managed Lanes Projects."
Report proposes extensive tolling in SE Florida - $20.1b new toll-managed lanes and tolled arterial underpassesBy Peter Samuel on March 28, 2012
A study by three Reason researchers using local traffic models suggests over 300 route-miles (1,117 lane miles) of new toll express lanes and 107 route-miles of upgraded arterials plus more bus transit and other improved management in southeast Florida (greater Miami) can reduce delays by 13% or $1.35b/year in time and fuel savings as compared with present officially adopted transit-oriented plans.
TxDOT has announced that a Cintra/Meridiam/Dallas police/fireman's pension system team are the preferred investors in a 52 year toll concession to finance, build, operate and toll "The New LBJ" or I-635 Managed Lanes Project, an expansion to 14 travel lanes from 8 of the major east-west expressway across the northern part of Dallas.Operating under the pro
The Illinois Tollway board voted today to implement the Governor Blagojevich's Congestion Relief Program, Phase Two which includes difficult "Green Lanes." The plan was announced by the Governor's office last month without any known feasibility study, and the Tollway has now taken on the job of making it work.