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Tolling
The Columbia River Crossing (CRC) project will be funded by the federal
government and the states of Washington and Oregon. Tolling will also be
necessary to build the project and to help manage congestion for a more reliable
trip.
No toll rate or policy has been set. In 2009, a
Tolling Study
Committee was convened to seek comments from the public and evaluate traffic and funding effects of tolling.
The committee concluded its work and submitted its report to the Oregon and Washington state legislatures in January 2010.
Information gained from the tolling study will be used to help develop the project’s finance plan.
Actual toll rates and policies will be decided by the states.
Electronic Tolling
The CRC project plans to use all electronic toll collection. There will be no
need for toll booths or for drivers to slow down. Electronic toll collection is
a cashless toll collection system using the latest electronic technology. This
technology is secure, reliable and simple to use.
Electronic tolls are collected with a transponder, about the size of a credit
card, affixed to a car’s windshield. On a tolled facility, overhead sensors link
the transponder to the driver’s account information and deduct the correct toll
from a prepaid account. Drivers can easily manage their account by authorizing
payments from a credit card or bank account when the account balance gets low.
A vehicle that does not have a transponder will have the license plate
photographed and can prepay online or by phone or be invoiced for the toll,
which will include a processing fee.
Variable Tolling
The CRC project is proposing variable tolling where the toll rate would vary
by time of day according to a set schedule. The lowest toll rate would occur
during non-peak hours. Variable tolling helps relieve congestion and improve
travel speeds and trip reliability by encouraging some drivers to change the
time of day they travel. Other drivers might decide to take transit or change
their trip destination. Most drivers will choose not to change their travel
plans.
Cost of a Toll
Several factors will be taken into account when determining the exact cost of
a toll, including the cost of the approved project, the amount of revenue
provided by other sources, the type of activities funded by the toll and public
opinion. Actual toll amounts will be determined by the Oregon and Washington
transportation commissions and legislatures.
How CRC Toll Revenues Would Be Used
| Toll Revenue and Fees |
|
| Potential Toll Revenue |
91% |
| 'Pay-by-Plate' Fee Revenue |
9% |
| Total Potential Revenue |
100% |
| |
|
| Uses of Revenue |
|
| Credit Card Fees |
3% |
| Toll Collection Operations and Maintenance |
23% |
| Facility Operations and Maintenance |
1% |
| Uncollectable Tolls |
5% |
Net Revenue Available for Debt Service
- Debt Service (Principle & Interest Payments) 54%
- Debt Service Coverage* 15%
|
69% |
| Total Uses of Revenue |
100% |
Note: Total may not add to 100 percent due to rounding
* Debt service coverage is required by investors to ensure there is
sufficient cash flow to repay the debt. If revenue targets are met, the debt
service coverage may be subsequently available for other uses. However, coverage
funds cannot be borrowed against to increase project funding during the
construction period. Debt service coverage would first be applied to fund a
renovation and rehabilitation account for future work needed beyond expected
operations and maintenance costs. Any remaining coverage funds could be used for
other transportation uses, subject to statutory constraints.