International Bridge, Tunnel and Turnpike Association Statement on the Confirmation Hearing for U.S. Secretary of Transportation Elaine Chao

Wednesday, January 11, 2017
CONTACT: Bill Cramer, Communications Director
202-210-2962 (mobile)
 

IBTTA Looks Forward to Working with the New Administrationto Implement $1T Investment in America's Infrastructure

WASHINGTON, D.C. -- The International Bridge, Tunnel and Turnpike Association (IBTTA) released the following statement on today’s confirmation hearing in the U.S. Senate Commerce, Science & Transportation Committee on the nomination of The Honorable Elaine L. Chao, President-elect Trump’s designee for Secretary of the U.S. Department of Transportation.

During today’s hearing, designee Chao stated in her opening remarks that a challenge for our nation’s infrastructure is to, “unleash the potential for private investment in our nation’s infrastructure. As we work together to develop the details of President Trump’s infrastructure plan, it is important to note the significant difference between traditional program funding and other innovative financing tools, such as public-private partnerships.”

Statement from IBTTA Executive Director and CEO Patrick D. Jones:

“IBTTA and the tolling industry are excited to work to advance the new administration’s vision to invest in restoring America’s crumbling roads, bridges, and other critical infrastructure over the next decade.

We look forward to ensuring that toll finance remains an important component of any proposal to rebuild our nation's transportation infrastructure. We will do our part to meet our country's surface transportation infrastructure needs.”

According to an IBTTA Report, National Toll Facilities Usage Analysis, the use of toll roads, bridges and tunnels increased 7 percent between 2014 and 2015, a record-breaking rate of growth that puts toll facility use on pace to double in less than 10 years. Today, there are 50 million active electronic toll transponders throughout the country.

For more information about IBTTA, please visit www.IBTTA.org or contact Bill Cramer at [email protected] or 202-210-2962 (mobile).

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About IBTTA
The International Bridge, Tunnel and Turnpike Association (IBTTA) is the worldwide association for the owners and operators of toll facilities and the businesses that serve them. Founded in 1932, IBTTA has members in more than 20 countries on six continents. Through advocacy, thought leadership and education, members are implementing state-of-the-art, innovative user-based transportation financing solutions to address the critical infrastructure challenges of the 21st Century. For more information, visit www.ibtta.org or join us on Twitter @IBTTA or #TollRoads.