Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: VideoDoctor

Is the toll bridge on I-65 or another highway?


11 posted on 11/10/2017 6:37:15 AM PST by GreyFriar ((Spearhead - 3rd Armored Division 75-78 & 83-87))
[ Post Reply | Private Reply | To 8 | View Replies ]


To: GreyFriar
Is the toll bridge on I-65 or another highway?

The toll is charged on TWO of the three bridges that cross the Ohio river from Louisville.

The company running the camera tolling system is called Riverlink.

Here is the link that explains everything plus some info I added below the link.

http://www.courier-journal.com/story/news/local/indiana/2016/05/13/where-does-money-tolling-go/84274820/

Who handles the money collected?

Earlier this year, U.S. Bank was awarded a contract to be responsible for the deposits of tolling revenues until it is split evenly to Indiana and Kentucky on a periodic basis. U.S. Bank will charge $52,000 annually to manage the RiverLink account.

How much will RiverLink make a year off of tolling?

Indiana and Kentucky will evenly split toll revenue. After the initial ramp-up of the system, toll revenue is expected to be around $100 million a year. Toll revenue will be used for project costs and bridge maintenance as well. Does all of the money made go to satisfy financial obligations?

From RiverLink: "Yes, and maintenance of the bridges. Kentucky will use its half of toll revenues to pay debt services on its bonds as well as operations and maintenance of the Downtown Crossing, its half of tolling operations and maintenance costs, and other project-related costs. The use of toll revenues is governed by a closed indenture which prevents the money from being used for non-project costs.

"Indiana’s portion of toll revenue will be deposited into the Indiana Project Trust and is used to pay all expenses related to the new East End Crossing bridge plus Indiana’s portion of any ORB-related general costs. These costs include payment to the developer."

13 posted on 11/10/2017 10:12:42 AM PST by VideoDoctor
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson