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.
August 25, 2021 – Joint Finance & Investment Committee Meeting - SJHTCA Bond Refunding and Paydown Strategy presentation (PDF).
May 7, 2021 – IRMA Letter (PDF)
August 20, 2018 – S&P Global Ratings Upgrades Foothill/Eastern Transportation Corridor Agency Senior-Lien Bonds Three Levels to “A-.”
August 2, 2018 – 73 Toll Road Bonds Upgraded to “A-” By S&P Global Ratings.
April 19, 2018 - View the presentation to JP Morgan Public Finance Transportation & Utility Investor Forum (PDF).
June 9, 2016 - Transportation Corridor Agencies Approve 2017 Budgets
October 9, 2015 - Approved Refinancing Plan Will Stabilize Long-Term Debt Structure for 73 Toll Road
June 12, 2015 - Transportation Corridor Agencies Approve 2016 Budgets
October 22, 2014 - $1.4 Billion Refinancing Improves Long-Term Debt Structure for the 73 Toll Road
October 10, 2014 - San Joaquin Hills Transportation Corridor Agency Approves Tender Offer
October 8, 2014 - 73 Toll Road Refinancing Plan Receives Investment Grade Ratings From Standard & Poor’s and Fitch
September 22, 2014 - San Joaquin Hills Transportation Corridor Agency Approves Consent Solicitations
December 16, 2013 - $2.3 Billion In Bonds Refinanced by Foothill/Eastern Transportation Corridor Agency