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New Toll Rates Effective July 1 Updated Rates Follow Biennial Schedule Announced in 2009
The NTTA wants to remind drivers that a regularly scheduled toll rate increase takes effect July 1.
To deliver regional transportation projects to relieve congestion, preserve a strong and financially viable system and maintain quality, safe and reliable roadways, the NTTA will implement a regularly scheduled toll rate increase of 0.8 cents per mile. The toll rate policy provides for a 50 percent price difference between TollTag and ZipCash rates.
“The Board understands these rate increases come during challenging economic times,” said NTTA Chairman Victor Vandergriff. “However, raising rates is a planned and necessary step the NTTA needs to take in order to maintain a viable financial system and to deliver the many mobility projects that bring growth to the North Texas region.”
The action increases rates from 14.5 cents per mile to 15.3 cents per mile. NTTA rates are compatible with the toll rate structure recommended by the Regional Transportation Council.
“ZipCash customers, who pay 50 percent more than TollTag customers, are encouraged to get a TollTag. It will save them money, and they won’t have to worry about paying invoices,” said NTTA Executive Director Allen Clemson.
This increase follows a schedule that requires toll rates be increased every other July at a compounded annual rate of 2.75 percent.
NTTA Chief Financial Officer Janice Davis said the rate increase will help protect the NTTA’s credit rating, ultimately ensuring the NTTA’s access to low-cost borrowing. “The rating agencies want to see proof that the NTTA’s board of directors is committed to the maintenance of the Authority’s financial strength and integrity,” Davis said.
The NTTA intends to continue to deliver on its mission to provide mobility solutions including the eastern and western extensions of the President George Bush Turnpike, completion of Sam Rayburn Tollway, and supporting future projects like Chisholm Trail Parkway.
Visit www.ntta.org/AboutUs/TollRates/ for a complete list of toll rates, trip rates and answers to frequently asked questions.
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