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Preliminary Analysis of the Regional and Social Impacts of the Proposed Monetization of the New Jersey Toll Roads

The Governor of the State of New Jersey, Jon Corzine in his State of the State Address on January 8, 2008 proposed a major set of initiative to solve the general financial problems of the state. A key component of that proposal was a monetization proposal for a number of existing toll roads in the state as well as the addition of tolls to a five mile segment of an existing highway. The core of this proposal is the transfer of control of the toll roads to a public benefit corporation using a concession agreement. This concession agreement is proposed to allow for a series of four 50% increases as well as inflation escalations. The compounded impact of these effects is an approximately 788% increase in tolls over the period 2007 to 2022.

Project Details

Author(s): 
Dr. Jonathan R. Peters
Dr. Jonathan R. Peters
Universities: 
City University of New York
Publication Year: 
2008
Publication Type: 
Final Report
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