U.S. Toll Road Finance
Revenue bond analysis covering traffic & revenue studies, rate covenants, electronic toll collection economics, managed lanes, P3 concession models, and rating agency frameworks for major U.S. toll systems.
Reference Guides
Toll Road Revenue Bonds and Finance
A Comprehensive Guide to U.S. Toll Road Credit Analysis
Toll Road Revenue Bonds and Infrastructure Finance
A Comprehensive Guide to U.S. Toll Road Debt Financing
Traffic & Revenue Studies in Toll Road Finance
Methodology, Optimism Bias, and the Art of Demand Forecasting
Electronic Toll Collection: Technology, Interoperability, and Revenue Leakage
How ETC Systems Work, Why Interoperability Remains Elusive, and the $2.24 Billion Leakage Problem
Managed Lanes, Express Lanes, and Dynamic Pricing
The New Economics of Priced Highway Capacity
Toll Road P3 Concessions: Revenue Risk, Availability Payment, and Lessons Learned
Structures, Failures, and Best Practices in Toll Road Public-Private Partnerships
Major U.S. Toll Road Issuers: Profiles and Comparative Analysis
From the New Jersey Turnpike to the North Texas Tollway: A Financial Guide to America's Largest Toll Road Authorities
TIFIA and Federal Financing for Toll Roads
How Federal Credit Programs Power Toll Road Infrastructure Investment
Congestion Pricing and the Future of Tolling Policy
From New York City's Landmark Program to the VMT Fee Debate
Toll Road Rate Covenants and Coverage Analysis
Understanding the Revenue Pledge, Fund Waterfall, and Debt Service Coverage Mechanics of Toll Road Bonds
Toll Road Traffic and Revenue Trends: 2025-2026 Market Update
Tracking managed lanes growth, rate escalation mechanisms, and P3 refinancing activity