Tuesday, April 24, 2012

No More Large Transportation Projects Without Tolls

Toll Roads News reports that Virginia secretary of transportation Sean Connaughton says there will be no more major highway construction projects in the state without tolls. He was speaking in an interview with Toll Roads News this past Friday.

He said the costs of major transport projects needed in the state are far beyond the capacity of the gasoline tax and federal grants to fund. "Look at the costs of the major projects we have (in Virginia) and look at the decline of traditional revenues. We cannot get a single large new project funded without tolls."

Connaughton said that traditional funding sources will only support operations, maintenance and minor projects. The Virginia secretary called the gasoline tax "a dinosaur" as the basic funding source for roads.

Read the complete article.

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