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Mar 18, 2011

Infrastructure Bank * USA - Plan could lead to more tolling

The likelihood of more tolling, congestion pricing, or other fees that states will charge


Washington,DC,USA -Land Line Magazine, by David Tanner -17 March 2010: -- Three U.S. senators have drafted a bill that would create a federal infrastructure bank to fund highway, bridge and railway projects. As more details come to light, OOIDA leadership is concerned about the likelihood of more tolling, congestion pricing, or other fees that states will charge to pay back the federal loans... Sens. John Kerry, D-MA, Kay Bailey Hutchison, R-TX, and Mark Warner, D-VA, promoted the infrastructure bank proposal during a press conference held Tuesday... Startup funding for the infrastructure bank would come from the federal government. As private investors get more involved, public funding would be reduced and the bank would stand on its own... The Kerry-Hutchison-Warner version of an infrastructure bank would require $10 billion in federal startup money... An infrastructure bank, according to the senators’ plan, would fund up to 50 percent of the cost of an infrastructure project...    (Photo from weirdlyodd: Royal Gorge Bridge in Colorado, USA)

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