Power Breakfast: Major toll road advances, housing starts up, debt plan, NCR, Murdoch, Borders, NFL

Maybe, just maybe, we’ll starting getting our transportation act together.

Gov. Nathan Deal said the state’s first public-private toll road project will go out to bid, offering congestion relief to thousands of drivers daily along I-75 and I-575 in Cobb and Cherokee counties, AJC writers Ariel Hart and Ernie Suggs report.

Deal and Atlanta Mayor Kasim Reed announced that the federal government has given Georgia access to a subsidized loan, the reporters write. Deal and the Georgia DOT had put the project’s bidding process on hold while they waited to learn if Georgia won the loan. While the state hoped to access a $375 million loan, it has been invited to apply for a $270 million loan, Deal said.

But while the loan made it possible to green-light the project, it remains unclear when the project would go out to bid or in what form, the reporters write.

If acceptable bids eventually come in, it will represent the largest transportation contract by far in the history of the state, the reporters write. The project is estimated to cost approximately $1 billion. State taxpayers may have to pay about a third of that.

The project would add one to two reversible toll lanes alongside the highways, the reporters write. Toll prices would rise and fall with congestion, with the goal of keeping the lanes free-flowing at all times.

Also in the AJC:

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2 comments Add your comment

Laurie

July 20th, 2011
7:45 am

Jay

July 20th, 2011
12:53 pm

Wow! It seems like so long ago when Republicans in Georgia were hollering about states’ rights and secession. Now they’re happy to accept loans from the evil federal government. Where’s all the tea-party protests about this situation? Where are all the free-market fanatics to scream “let the market decide” if private companies should roads? Oh, that’s right, it’s all just well-timed rhetoric seemingly mouthed by the grass-roots but secetly directed by the same corporations and individuals who continually profit from public-private/government-corporate relationships.