Pennsylvania Turnpike drivers can expect another toll increase of at least 3 percent next January, and continuing annual increases for years to come, turnpike CEO Mark Compton said Thursday.
Speaking at the annual meeting of the Airport Corridor Transportation Association, Mr. Compton said the state’s new transportation funding law has shortened, but not eliminated, the turnpike’s requirement to pay $450 million a year to the Pennsylvania Department of Transportation.
Instead of continuing to 2057, the required payments will end after 2022, he said. Toll increases are needed to underwrite the debt incurred by the turnpike in making those payments.
In the past, PennDOT has directed $200 million from each payment to non-turnpike highway projects and $250 million to mass transit. The new law directs all of the $450 million to transit.
Read more: http://www.post-gazette.com/news/transportation/2014/03/28/Pennsylvania-Turnpike-to-raise-tolls-in-2015/stories/201403280114#ixzz2xHOq34iN