For anyone interested in details about managed lanes financed by revenue bonds, the annual review of this topic by Fitch Ratings is a uniquely valuable resource.
One of the most important transportation policy reports I’ve ever read is the recently-released “Last Exit: Options for Fixing the Highway Trust Fund While Solvency is Still Solvable.”
In Europe 75% of passengers use privatized airports. In Latin America the figure is 66%, and in the Asia-Pacific region it’s 47%. Here in the USA, the figure is 1%.
Priorities for 2026 Surface Transportation Reauthorization
From its creation in 1956 until 2008, the Highway Trust Fund was self-supporting—meaning, the spending it authorized each year was covered by the federal highway user-tax revenues collected.
Given the advanced age of most of America’s Interstate highways, it was inevitable that one state would eventually volunteer to be the first-mover on toll-financed Interstate reconstruction. Indiana has now stepped forward.
Instead of figuring out what sort of charges would most effectively reduce congestion within the cordon zone, the program is designed around raising additional funding for the transit agency.
