Technology, Partnerships Will Create Toll Roads of the Future
The first modern-era toll road, financed entirely by $20.6 million in bonds, opened in Maine in 1947. Revenue bonding allows the Turnpike Authority to pledge back the debt via toll revenue and through no other state assets.
In the new century, states such as Texas are taking toll road trends to new levels. Variable priced lanes, increased private-sector involvement in both construction and operation and evolving high-speed, hands off toll collection systems will change the look and feel of future toll roads.