ASCE Responds to the I-35W Bridge Collapse

In response to the catastrophic I-35W bridge collapse in Minneapolis, ASCE is playing a significant and proactive role in the review and analysis of one of our nation's tragic infrastructure disasters. Shortly after the collapse occurred, ASCE immediately began to provide technical and authoritative information to the media and has developed a dedicated area on the ASCE website to providing further resources and related information. The website will continue to evolve over the coming days and should serve as an excellent resource to keep members up to date and help in answering any general questions that may be received. ASCE members can take pride in knowing that ASCE and the civil engineering profession continue to play such a key role in understanding and responding to natural and man-made disasters and in improving the resilience of our nation’s critical infrastructure.

Thursday, May 31, 2007

With Financial Tactic, Corzine Would Keep Turnpike Public, Toll Increases and All

Published by the New York Times, May 30, 2007

Who knew that the New Jersey Turnpike, the state’s congested artery that commuters love to hate, was so beloved?

In the months since Gov. Jon S. Corzine began exploring ways to capitalize on the state’s assets and pay off billions of dollars in debt, a coalition of legislators, environmentalists and drivers have come out against any plan that would include leasing the Turnpike and the Garden State Parkway to private investors.

Long before Mr. Corzine could unveil a proposal, these opponents warned that private investors would increase tolls to unreasonable levels, let the roads fall into disrepair and stymie any efforts by the state to expand its highways.

Yet Mr. Corzine, a shrewd former investment banker, appears to have found a more palatable solution that lets the state raise billions of dollars while keeping the highways in public hands. At a news conference last week, Mr. Corzine said he and State Treasurer Bradley I. Abelow were considering “an entirely different kind of proposal” that involved creating a public benefit corporation.

One option is for the New Jersey Turnpike Authority to raise tolls and divert only the increased revenue to a newly formed public corporation, which would then issue bonds backed by that money. The amount of the bonds would be based on the value of the toll increases.

See full article from the New York Times:

http://www.nytimes.com/2007/05/30/nyregion/30pike.html?_r=1&oref=slogin


1 comment:

Anonymous said...

Eva

Could you link the blogsite

save-the-longfellow

published 7/31,day before Minneapolis, it is about neglect of Longfellow Bridge in Boston.

Dave Westerling, CCI co-author

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