Monday, January 18, 2010
If I-80 becomes a Toll Road as proposed, revenue could go to help fund improvements to Route 422 in Montgomery County, Pennsylvania. In fact, the Montgomery County Planning Commission intends to lobby the federal governement to help make it happen, according to sources, including the Pottstown Mercury.
I-80 is 300 miles long and crosses the northern tier of Pennsylvania. It is in need of repair. Pennsylvania filed an application for approval with the Federal Highway Administration. It is requested to help fund the gap in state highway funding.
The State could also raise capital up front by issuing bonds based on future toll revenue.
PennDOT estimates that state's annual deficit for interstate highway maintenance alone is about $600 million. According to sources cited by the Pottstown Mercury, Pennsylvania has one of the highest percentage of deficient bridges in the nation based on structural problems.
Officials of the Pennsylvania Turnpike Commission indicate that a large part of the funding would be allocated to repair Pennsylvania roads and bridges. a majority of the act's funding would be used statewide to repair roads and bridges
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David Schreiber
Mayerson Schreiber McDevitt, P.C.
www.mayerson.com
610-948-4800
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