north carolina turnpike authority

New director of operations at North Carolina Turnpike is Barry L Mickle. He comes from 20 years of operations experience at the New York State Bridge Authority (NYSBA), which operates five toll bridges over the Hudson River north of the Thruway's Tappan Zee Bridge.

Jim "JJ" Eden, chief operations officer is leaving the North Carolina Turnpike Authority for a big job in the private sector, we understand. His departure is not related to recent organizational changes in which the Turnpike Authority was merged into the state DOT, but because he got offers the state could not match.  

North Carolina Turnpike Authority (NCTA) has been subsumed into the state department of transportation. As of this month its staff have been dispersed across the state department of transportation, all answerable to different NCDOT chiefs. David Joyner executive director has lost all his staff except an assistant, we hear.

North Carolina Turnpike is making a major move toward toll interoperability with purchase of transponders and readers that can cater to the sticker tags of the South and the E-ZPass transponders of the north.

A route has been selected for a Gaston East-West Connector, a tollroad planned on the western edge of the greater Charlotte NC area. This is an important step toward completing environmental and planning clearances. The road is also known as Garden Parkway.

North Carolina Turnpike Authority now envisage making their choice of tag/reader system mid-January, three months later than anticipated. Jim Eden chief operating officer says the procurement - formally "Electronic Toll Collection (ETC) Technology" - is the most difficult and far-reaching, and that they need time to get the decision right.

In a quite unexpected development E-ZPass technology giant Mark IV is teaming up with Kapsch, the European leader in electronic toll collection equipment in a joint proposal fo

North Carolina Turnpike Authority (NCTA) have financed their first tollroad, the Triangle Expressway, raising $1,010m. Last Friday they executed a federally supported TIFIA loan for $387m, while on Monday and Tuesday they sold $270m of toll revenue bonds and $353m of state appropriation revenue bonds.  The appropriations pledged bonds relate to 25m/yr committed from the state treasury for the project.

Fitch are rating North Carolina Turnpike Authority's Triangle Expressway bonds 'BBB-'. They include:

- $211m of Triangle Expressway (TE) current interest revenue bonds

- $84m of TE capital appreciation bonds

- $400m of TIFIA debt