Two California toll roads could merge

| Thursday, May 03, 2007

A shotgun wedding isn’t likely to happen this time as two county-run toll roads in California prepare to merge.

Officials with the San Joaquin Hills and the Foothills/Eastern toll roads voted recently to seek a traffic study and do some number crunching for a possible consolidation. But officials told the Orange County Register that they will take their time.

A similar plan to merge in 2004 was launched to bail the San Joaquin agency out of debt, but the Foothills agency thought the plan was too hasty and it was dropped.

With time to think, the agencies have a better chance this time, officials said.

Financial advisors are standing by to make $48 million in fees from the possible $4.7 billion transaction, the Register reported.

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