IRVINE, Calif. - April 27, 2018
Amy Potter, chief financial officer for the Transportation Corridor Agencies in Orange County, California, recently provided an update on the finances for the 73, 133, 241 and 261 Toll Roads at the 2018 J.P. Morgan Public Finance Transportation and Utility Investor Forum in New York, New York.
In her presentation, Potter explained how TCA was formed in the mid-1980s to address Orange County’s exploding population, worsening traffic congestion and shrinking traditional transportation funds. The Foothill/Eastern and San Joaquin Hills Transportation Corridor Agencies funded construction of The Toll Roads by issuing toll revenue bonds to private investors.
As one of modern tolling’s leading agencies, TCA is bringing much-needed traffic relief to Southern California drivers:
“TCA’s solid financial health and continued growth in transactions and revenue, reflect the toll road system’s value to Orange County’s vibrant economy and transportation network,” Potter said. “During the last three years ridership has increased by nearly 20 percent.”