News
States ring the bell for the toll trough

A possible $15 billion privatization deal is in the works for 274 miles of the Illinois Tollway System.

Virginia is planning a $13 billion renovation to add lanes to the 325-mile Interstate 81, and is also planning to lease the Pocahontas Parkway for 99 years to Transurban from Australia for $525 million. The state has already leased the Dulles Greenway to Macquarie Infrastructure Group of Australia.

The Trans-Texas Corridor will require private investment to build and/or expand Interstate 35 and Interstate 69 to bolster a NAFTA corridor.

South Carolina applied in May for the right to toll the 200-mile Interstate 95, joining North Carolina, Virginia, Missouri and other states applying through a federal pilot program to toll existing interstates.

Private investment along the New York Thruway could help rebuild the Tappan Zee Bridge and others for $3 billion.

Lawmakers are proposing tolls on a 33-mile loop in Colorado around Colorado Springs called Springs Toll Road.

Arizona’s first ever toll road could include private investment opportunities in the Casa Grande area.

The South Bay Expressway, a 10-mile toll loop in San Diego, is being built with private dollars by Macquarie Infrastructure Group.

A bill nearing passage in Louisiana would allow the formation of public-private partnerships to build toll roads and bridges. A Nevada lawmaker is touting a similar bill.

Pennsylvania Gov. Ed Rendell has praised the lease deals in Illinois and Indiana and said public-private partnerships would help the state’s cash flow for roads.

A New Jersey lawmaker recently withdrew a bill that would have privately leased 49 percent of the interest in the 148-mile New Jersey Turnpike and Garden State Parkway.

For details on the status of these and other legislative efforts, landlinemag.com on the Web for daily updates.

david_tanner@landlinemag.com

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