American Association of State Highway & Transportation Officials May 13, 2008  
Innovative Finance  
Site Map Site Map Contact Us Contact Us E-mail a Collegue E-mail a Colleague Read search guidelines Search
 
 
   Home > News & Innovations Login
 
NEWS AND INNOVATIONS


New Law Promotes Transport PPPs in Colorado

Colorado Gov. Bill Owens signed transportation legislation (HB 1310) May 30

that, among other things, creates a Statewide Toll Authority as an enterprise

within Colorado DOT to act as a one-stop shop to coordinate, promote and help

finance privately developed projects, including long-term concessions.

The legislature did not give CDOT Executive Director Thomas Norton the

flexibility he sought to create new toll revenue projects and use the funds

in other corridors. It also did not provide new funding for toll authority

staffing or environmental studies (though it did allow the state Transportat ion Commission make loans to CDOT for toll authority projects).