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ICC could be last new corridor built in Md. for decades

Deck: 

Project has essentially maxed out the MTA’s debt capacity

The Intercounty Connector is not helping the Maryland Transportation Authority make ends meet. In fact, the MTA is essentially flat broke following the opening of the 18.8-mile corridor that came with a price tag of $2.56 billion. The MTA’s debt capacity carries a zero value, and the agency already showed signs of distress when it decided to raise tolls on all facilities earlier this year.

“You’re probably looking at another 20 years before we see another major road like this be built,” Lon Anderson, spokesman for the AAA Mid-Atlantic, told the Washington Post.

Source: 
The Washington Post
Publication Date: 
Tue, 2011-11-22 14:14

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