Managed lanes are HOT! Unique risks and benefits versus traditional tolling - Moody's Global Credit Research

Managed lanes are HOT! Unique risks and benefits versus traditional tolling

9 pages (4884 words) — Published May 08, 2013
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Brief Excerpt:

...+ US highway planners are increasingly looking at tolled managed lanes as the preferred way to augment capacity or throughput on existing heavily congested roads. + Adding managed lanes or converting existing High Occupancy Vehicle (HOV) lanes to High Occupancy Tolled Lanes (HOT) provides toll agencies and state and local governments and with an option for increasing capacity more quickly than through a traditional tolled project and at a potentially lower cost. + If financed as concessions, managed lane projects provide a private sector alternative to using limited tax sources to fund growing transportation infrastructure needs. The North Tarrant Express (senior debt rated Baa2) and the LBJ freeway (Senior debt rated Baa3) managed lanes projects in the Dallas ¡Fort Worth were financed as concessions.. + Managed lane projects have a very limited history and there is little operating data to help guide us on the ramp up and demand scenarios for what is a highly discretionary, but desirable...

  
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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Managed lanes are HOT! Unique risks and benefits versus traditional tolling" May 08, 2013. Alacra Store. Apr 23, 2014. <http://www.alacrastore.com/moodys-credit-research/Managed-lanes-are-HOT-Unique-risks-and-benefits-versus-traditional-tolling-PBM_PBM153659>
  
APA:
Moody's Global Credit Research. (). Managed lanes are HOT! Unique risks and benefits versus traditional tolling May 08, 2013. New York, NY: Alacra Store. Retrieved Apr 23, 2014 from <http://www.alacrastore.com/moodys-credit-research/Managed-lanes-are-HOT-Unique-risks-and-benefits-versus-traditional-tolling-PBM_PBM153659>
  
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