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TOLL INDUSTRY CAN BE 'LOCOMOTIVE' FOR CLINTON'S 'ENGINE FOR ECONOMIC GROWTH'; TOLL REVENUE MUST SUPPLEMENT $16 BILLION STIMULUS

 WASHINGTON, Feb. 18 /PRNewswire/ -- The construction and development of toll projects can serve as the "locomotive" to President Clinton's "engine for economic growth" by quickly providing jobs, improving economic efficiency and generating additional funds for critical transportation projects, according to Anthony J. Barber, president of the International Bridge, Tunnel and Turnpike Association (IBTTA). Barber also is chief operating officer for interstate transportation for The Port Authority of New York and New Jersey.
 Barber praised the president's plan to increase America's investment in transportation and his strong support of toll financing and public-private partnerships as a means of paying for the improvements.
 The toll industry is on the forefront of technological innovation and encompasses many of the "critical industries that will explode in the 21st century" the president referred to last night. Non-stop toll collecting is now being used, and the toll industry is leading the development of other transportation technologies to improve America's economic efficiency and its environment. Mobility is critical to a strong economy and toll financing is one to the most powerful tools to build needed roads.
 "But $16 billion is not enough to meet the nation's staggering transportation needs," Barber said. "Toll projects are completed very quickly, face strict market tests before they are built, and, most importantly, can generate desperately needed revenue for other transportation projects." Barber also noted that toll projects can achieve important environmental objectives by reducing congestion through congestion pricing schemes where motorists are charged tolls for driving during peak travel times.
 "If we are going to rebuild America,' we will have to find more and better ways to pay for that rebuilding. Toll financing is one very attractive option that states and metropolitan planning organizations should aggressively pursue," Barber said.
 IBTTA is the non-profit trade association of the worldwide toll industry. IBTTA members operate more than 300 toll highway facilities worldwide in 22 countries on five continents. Member facilities carry in excess of 7 billion vehicles.
 -0- 2/18/93
 /CONTACT: Oliver P. Yandle of the International Bridge, Tunnel and Turnpike Association, 202-659-4620/


CO: International Bridge, Tunnel and Turnpike Association ST: District of Columbia IN: TRN SU: EXE ECO

KD -- DC015 -- 7790 02/18/93 10:38 EST
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Publication:PR Newswire
Date:Feb 18, 1993
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