Wednesday, November 11, 2015

WPRI: Here’s why RIDOT says a truck-toll bond would save RI $612M

Transportation agency explains rationale for borrowing $600M to repair bridges

By Ted Nesi
Published: November 2, 2015, 6:40 pm  Updated: November 9, 2015, 6:46 pm

PROVIDENCE, R.I. (WPRI) – The debate over Gov. Gina Raimondo’s toll proposal is actually multiple debates rolled into one.

Among the questions: Should the state spend more money on bridge repairs, and if so, how much should it spend? Should the state institute a toll on large trucks, and if so, how should it work? Should the state float a bond backed by the toll revenue and get the money up front, even though it will have to pay interest? Full Story

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