Toll road

KBRA Assigns BBB- Rating to Autopistas Metropolitanas de Puerto Rico, LLC’s 7.5% and 7.0% Senior Secured Notes Due 2038

Retrieved on: 
Monday, May 20, 2019

The roads have been in operation and tolled since 1972 when the Buchanan toll plaza was opened.

Key Points: 
  • The roads have been in operation and tolled since 1972 when the Buchanan toll plaza was opened.
  • Since then, an additional six toll plazas have been added giving a total of six toll plazas on PR-22 and one toll plaza on PR-5.
  • KBRA expects that Metropistas will continue to successfully operate and maintain the Project.
  • The rating is based on KBRAs Global Project Finance Rating Methodology, published November 28, 2017.

Priced Managed Lanes Offer Solution to Urban Congestion

Retrieved on: 
Friday, May 17, 2019

KANSAS CITY, Mo., May 17, 2019 /PRNewswire-PRWeb/ --A new HNTB Corporation Viewpoint discusses priced managed lanes as a solution to urban congestion.

Key Points: 
  • KANSAS CITY, Mo., May 17, 2019 /PRNewswire-PRWeb/ --A new HNTB Corporation Viewpoint discusses priced managed lanes as a solution to urban congestion.
  • The Viewpoint, " Priced managed lanes a proven mobility strategy are rapidly expanding across the US ," is co-authored by Kevin Hoeflich, PE, HNTB Chairman Toll Services and senior vice president, and Tom Hutchinson, AICP, HNTB national tolls consultant and associate vice president.
  • The white paper discusses how public-sector owners are advancing plans for more of these projects around the country.
  • Professionals nationwide deliver a full range of infrastructure-related services, including award-winning planning, design, and program and construction management.

ATA Appeals Dismissal of Challenge to Unconstitutional Truck Toll Program

Retrieved on: 
Friday, March 29, 2019

In its challenge, ATA contends that Rhode Island's truck-only toll scheme is unconstitutional because it discriminates against interstate trucking companies and impedes the flow of interstate commerce.

Key Points: 
  • In its challenge, ATA contends that Rhode Island's truck-only toll scheme is unconstitutional because it discriminates against interstate trucking companies and impedes the flow of interstate commerce.
  • Instead, it held only that ATA's challenge could not proceed in federal court.
  • We've warned politicians in Rhode Island that these truck-only tolls were unconstitutional and should be rolled back," said ATA President and CEO Chris Spear.
  • Meanwhile, Rhode Island continues to invest already scarce infrastructure resources on toll gantries knowing they are likely to have their toll scheme overturned by the courts."

Bestpass Expands Toll Coverage to Include Southern Connector in South Carolina

Retrieved on: 
Thursday, March 28, 2019

ALBANY, N.Y., March 28, 2019 /PRNewswire/ --Bestpass, a company that provides streamlined nationwide toll management service to commercial fleets, today announced that it is expanding its coverage to South Carolina through a partnership with the Southern Connector Toll Road while simultaneously launching a powerful tolling data visualization tool.

Key Points: 
  • ALBANY, N.Y., March 28, 2019 /PRNewswire/ --Bestpass, a company that provides streamlined nationwide toll management service to commercial fleets, today announced that it is expanding its coverage to South Carolina through a partnership with the Southern Connector Toll Road while simultaneously launching a powerful tolling data visualization tool.
  • Bestpass, which already covers nearly every tolled facility in the United States, is expanding its coverage to include the Southern Connector Toll Road (I-185), a 16-mile highway that allows traffic to move more quickly and efficiently through Greenville County in upstate South Carolina.
  • "The Southern Connector is one of the most convenient routes in the region, and as a result, we see a significant amount of commercial traffic," said Pete Femia, president of the Southern Connector.
  • Bestpass has been testing coverage on the Southern Connector with several customers and expects to make the coverage available to all users by the end of April 2019.

Cubic to Drive the Conversation on the Future of Mobility at IBTTA Technology Summit

Retrieved on: 
Thursday, March 28, 2019

Taking place from March 31 April 2 in Orlando, Florida, the Technology Summit covers a variety of technological applications and business practices which are increasingly being incorporated into tolling operations.

Key Points: 
  • Taking place from March 31 April 2 in Orlando, Florida, the Technology Summit covers a variety of technological applications and business practices which are increasingly being incorporated into tolling operations.
  • "It's essential for tolling to become a part of the wider MaaS trend as multimodal transportation continues to be the core of future mobility services," said Crissy Ditmore, director of strategy, Cubic Transportation Systems.
  • Cubic is a proud Platinum sponsor of IBTTA.
  • Follow CTS on Twitter @CubicTS and join the social media conversation with #IBTTAOrlando.

The global electronic toll collection systems market is expected to grow to US$ 9.1 billion by 2027 from US$ 5.2 billion in 2017

Retrieved on: 
Tuesday, March 5, 2019

NEW YORK, March 5, 2019 /PRNewswire/ -- The global electronic toll collection systems market is expected to grow to US$ 9.1 billion by 2027 from US$ 5.2 billion in 2017.

Key Points: 
  • NEW YORK, March 5, 2019 /PRNewswire/ -- The global electronic toll collection systems market is expected to grow to US$ 9.1 billion by 2027 from US$ 5.2 billion in 2017.
  • Further, the identification of violators and their subsequent fine enforcement is also considered under the scope of electronic toll collection systems.
  • Thus, the devices and equipment that assist in seamless toll collection via electronically contribute for electronic toll collection systems.
  • Thus, the electronic toll collection systems market is expected to generate lucrative business opportunities for the players in the coming years.

Global Automated Barriers & Bollards Market to Register a CAGR Over 4% by 2023 - ResearchAndMarkets.com

Retrieved on: 
Monday, March 4, 2019

The "Global Automated Barriers and Bollards Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Automated Barriers and Bollards Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
  • The automated barriers and bollards market will register a CAGR of over 4% by 2023.
  • The increasing adoption of automatic tolling systems will increase the demand for automated barriers and bollards during the forecast period.
  • Development roads and the increasing investments in transportation and highway infrastructure projects drive the global automated barriers and bollards market.

FS50758439

Retrieved on: 
Thursday, February 21, 2019

The complainant requested information about non-payment of Dartford crossing tolls by foreign registered vehicles. The Highways England Company Limited (Highways England) refused the request under section 36(2)(c) – prejudice to the conduct of public affairs. The Commissioner is satisfied that section 36(2)(c) is engaged and the public interest favours maintaining the exemption. The Commissioner does not require the public authority to take any action.

Key Points: 
  • The complainant requested information about non-payment of Dartford crossing tolls by foreign registered vehicles.
  • The Highways England Company Limited (Highways England) refused the request under section 36(2)(c) prejudice to the conduct of public affairs.
  • The Commissioner is satisfied that section 36(2)(c) is engaged and the public interest favours maintaining the exemption.
  • The Commissioner does not require the public authority to take any action.

Electronic Toll Collection (ETC) Market Report 2019-2029

Retrieved on: 
Wednesday, February 20, 2019

How is the Electronic Toll Collection (ETC) Market evolving?

Key Points: 
  • How is the Electronic Toll Collection (ETC) Market evolving?
  • What is driving and restraining the Electronic Toll Collection (ETC) Market dynamics?
  • How will each Electronic Toll Collection (ETC) submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2029?
  • How will the market shares for Electronic Toll Collection (ETC) submarket develop from 2019-2029?

MSTS Becomes First FinTech Company to be Approved as European Electronic Toll Service (EETS) Provider

Retrieved on: 
Tuesday, February 12, 2019

RIJSWIJK, the Netherlands, Feb. 12, 2019 /PRNewswire/ -- MSTS , a global B2B payment and credit solutions provider, today announced that its MSTS Tolls division has been registered as a European Electronic Toll Service (EETS) provider.

Key Points: 
  • RIJSWIJK, the Netherlands, Feb. 12, 2019 /PRNewswire/ -- MSTS , a global B2B payment and credit solutions provider, today announced that its MSTS Tolls division has been registered as a European Electronic Toll Service (EETS) provider.
  • As the first FinTech company, and seventh overall provider, to be approved with EETS since its inception in 2012, MSTS will provide customizable hardware and software solutions to support transportation companies across Europe and issue a proprietary EETS toll box.
  • MSTS Tolls, with more than 30 years of tolling experience, manages toll cards, guarantees payments and contracts with more than 20 European toll operators, allowing fleets to focus on their business transportation.
  • Using MSTS EETS-compliant toll boxes with backend payment processing, fleet managers can easily manage payments through a user-friendly, proprietary customer portal with mobile functionality.