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Investor Information

The Toll Roads were built with virtually no taxpayer dollars. They are primarily funded through the sale of bonds to private and institutional investors, supplemented with development fees. All toll and fee revenues go toward retiring the debt, funding additional improvements and covering costs to operate toll collection. Nonrecourse revenue bonds were sold, so taxpayers and the member agencies are not responsible for repaying the debt.

History of FasTrak

History of FasTrak

June 14, 2024 – Transportation Corridor Agencies Boards Approve Fiscal Year 2025 Budgets

March 11, 2024 Fitch Upgrades Foothill Eastern Transportation Corridor Agency Toll Revenue Bonds

January 25, 2024 Foothill/Eastern Transportation Corridor Agency Pays Down $60 Million in Bonds Early

January, 2024 – Transportation Corridor Agencies’ sound fiscal practices have reduced debt by $1.39 billion since 2019 (PDF)

October 25, 2023 Moody’s Investors Service Credit Rating Agency Upgrades Foothill Eastern Transportation Corridor Agency Toll Revenue Bonds to Baa1

August 25, 2021 Joint Finance & Investment Committee Meeting - SJHTCA Bond Refunding and Paydown Strategy presentation (PDF).

May 7, 2021IRMA Letter (PDF)

August 20, 2018S&P Global Ratings Upgrades Foothill/Eastern Transportation Corridor Agency Senior-Lien Bonds Three Levels to “A-.” 

August 2, 201873 Toll Road Bonds Upgraded to “A-” By S&P Global Ratings.

April 19, 2018View the presentation to JP Morgan Public Finance Transportation & Utility Investor Forum (PDF).

June 9, 2016Transportation Corridor Agencies Approve 2017 Budgets

October 9, 2015Approved Refinancing Plan Will Stabilize Long-Term Debt Structure for 73 Toll Road

June 12, 2015Transportation Corridor Agencies Approve 2016 Budgets

October 22, 2014$1.4 Billion Refinancing Improves Long-Term Debt Structure for the 73 Toll Road

October 10, 2014San Joaquin Hills Transportation Corridor Agency Approves Tender Offer

October 8, 201473 Toll Road Refinancing Plan Receives Investment Grade Ratings From Standard & Poor’s and Fitch

September 22, 2014San Joaquin Hills Transportation Corridor Agency Approves Consent Solicitations

December 16, 2013$2.3 Billion In Bonds Refinanced by Foothill/Eastern Transportation Corridor Agency