Charging, Tolling & Road Pricing

Australian fund manager IFM Investors, on behalf of IFM Global Infrastructure Fund, has paid US$5.7 billion for the bankrupt Indiana Toll Road Concession, a 253-kilometre highway that runs from the border of Indiana and Ohio towards Chicago, giving it exclusive rights to operate and maintain the road for the next 66 years. The road, previously jointly owned by Macquarie and Spanish infrastructure group Ferrovial, went into Chapter 11 bankruptcy in September due to poor traffic volumes and was put up for sal

The Texas Transportation Commission has awarded a contract to the Blueridge Transportation Group for the the planning, construction, financing, operation and maintenance of an express toll road and additional infrastructures for the SH 288 toll lanes project in Harris County in Texas. The consortium includes Israel-based Shikun & Binui Holdings, together with an infrastructure contractor and a financial investor. The ten mile stretch of road will connect Harris County to Houston. The project includes constr

Kapsch TrafficCom experienced stable business development in the first three quarters of 2014/2015 with existing installation and operation projects. The Group was also able to obtain a number of new orders in Australia during the third quarter, although new major orders, upon which the innovation and growth plans are based, remained elusive due to the lack of corresponding invitations to tender. Revenue of the Group during the first three quarters of the 2014/15 fiscal year was US$283.5 million, slightly b

In a contract valued at US$6.6 million, Q-Free is to replace all Autopass roadside tolling equipment in Oslo, Norway. The contract, awarded by the Norwegian Roads Administration includes the dismantling and replacement of existing roadside equipment and service and maintenance following completion of the installation. In addition the contract includes options for increased delivery of equipment and extension of the service and maintenance period. Installation begins immediately and is expected to be comple

Florida is one step closer to meeting national mandate for interoperability, with the announcement that the Florida Department of Transportation has entered into an agreement with Neology, a subsidiary of SMARTRAC Technology Group, for the patents associated with specific licensed products that offer the 6C protocol for electronic toll collection (ETC). “The licence provided through the agreement with Neology allows the Department to implement a variety of strategies to provide toll collection services,”