subsidy

The Massachusetts Turnpike Authority in its protracted bargaining with the state today (2008-06-24) postponed a scheduled meeting on toll rates to Monday (2008-06-29). The Turnpike has voted to raise tolls by about 60% July 1, but board members say they'll cancel the hikes if they get $100m/year in support from the state budget. That $100m/year subsidy must continue for the term of $2200m of bonds they floated to pay for the untolled Big Dig.

Japanese tollroads have put into effect discounted tolls under a huge subsidy program from the central government. The discounts came into effect on bridges March 22 and on most expressways March 28. The discounted tolls were a centerpiece of an economic 'stimulus package' prime minister Taro Aso announced last October.

`NOVA SCOTIA

Cobequid Pass pike

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