The county commissioners Tuesday reviewed the toll option as they zeroed in on a final financing package for the $1.2 billion project. The Florida Department of Transportation (FDOT) has committed $600 million for the project, but that money will only be held for the tunnel until the end of 2006. The state needs a commitment for the remaining $600 million from local sources before it proceeds with awarding contracts for the project.
The county has identified a combination of local funding sources that would provide about $490 million. Originally, the port had expected to come up with $100 million in user fees in the form of a head tax for cruise passengers and a per-container charge for cargo.
County Manager George Burgess reported to the commissioners that port users are balking at new fees for the port tunnel, possibly leading to the need for tolls on both the port tunnel and the existing Port Boulevard bridge leading into the port. There is no agreement on exact toll costs, but Burgess reported one possibility is $1 for light cars and trucks, $4 for large trucks, and $8 for buses.
The commissioners said Tuesday they would continue to look at final funding options and will vote on Tuesday, October 10 on a resolution that would authorize continued negotiations leading to the port tunnel project.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now