We've updated our Privacy Policy
TCA is committed to protecting your privacy and keeping you informed. Click here to read our Privacy Policy (PDF) and learn how your information is collected, used, stored, shared and protected.
More Choices Ahead! The San Bernardino County Transportation Authority’s SB Express Lanes on I-10 are now open!
Spend less time in traffic with the new SB Express Lanes on I-10. If you already have a FasTrak® account, then you’re set to drive.
The Toll Roads is the account and payment processing partner for SB Express Lanes. Because of this, both The Toll Roads and SB Express Lanes drivers can get assistance at our new San Bernardino County Customer Service Walk-In Center. To learn more about the partnership, please click here. To learn more about the SB Express Lanes, please visit their website at SBExpressLanes.com.
Important Customer Advisory Regarding Nationwide Text Phishing Scam
The Toll Roads is advising drivers to disregard phishing texts being sent to their phones that detail a specific outstanding toll amount. If you receive a text and are unsure, The Toll Roads customers can verify valid text notifications by logging into their account. On the dashboard, scroll down to account security and click “Notification Verification” or use the direct link at https://secure.thetollroads.com/accounts/notification-verification.
If you receive a phishing text, please file a complaint at www.ic3.gov. This is a site dedicated to sharing information on Internet crimes across law enforcement agencies.
Transportation Corridor Agencies’ Sound Fiscal Practices Reduce Debt by $1.275 Billion
Plans for further debt reduction are expected to collectively reduce debt by $3.1 billion by 2030
Irvine, Calif. - June 06, 2023
The Transportation Corridor Agencies (TCA) have substantially reduced their bond debt and saved the Agencies more than a billion dollars in interest since 2019 because of debt management strategies, further enhancing TCA’s strong financial position.
Recent bond refundings, early paydowns of bonds and an open market bond buyback program have reduced debt by $1.275 billion. The reduction of debt has been achieved through:
- Recent bond refundings replaced higher interest rate bonds with lower interest rate bonds, saving $700 million, without extending bond maturity dates
- In July 2022, TCA executed an early paydown of $125 million of bond principal, saving $180 million in interest
- An early paydown of $150.8 million in bond principal through open market bond buybacks saved the Agencies $150 million in interest
The Agencies plan by 2030 to pay down another $980 million of bonds early, saving an additional $860 million in interest. This future debt reduction, when combined with the current reductions of $1.275 billion, will collectively reduce debt by $3.1 billion.
“This early paydown of bond debt is another example of the commitment both Agencies have to fiscal stewardship, as well as fulfilling the plan of action laid out in our Strategic Plan,” said San Joaquin Hills Transportation Corridor Agency (SJHTCA) Chair and Newport Beach Mayor Pro Tem Will O’Neill.
“Strong fiscal management has been part of the blueprint of the Agencies’ past and future success,” said Foothill/Eastern Transportation Corridor Agency (F/ETCA) Chair and San Juan Capistrano Council member John Taylor. “The Boards’ past decisions created the strong footing that the current Boards are building upon to continue the path of fiscal responsibility.”
The SJHTCA and the F/ETCA, which comprise TCA, are two joint powers authorities created to plan, finance, construct and operate Orange County’s 51-mile toll road network – the 73, 133, 241 and 261 Toll Roads.
Both Agencies are on firm financial footing with strong reserves and solid traffic and revenue forecasts that have been consistently recognized by Wall Street’s independent rating agencies, as well as investors.
“We are committed to working with our Boards and continuously seeking bond market opportunities to reduce debt payments and generate cash flow without extending bond maturity dates,” said TCA Chief Financial Officer Amy Potter. “We are extremely pleased with the success of our debt management strategies.”
The Toll Roads system, which represents 20 percent of Orange County’s highways, is the largest toll road network in California.
The Transportation Corridor Agencies (TCA) are two joint powers authorities formed by the California Legislature in 1986 to plan, finance, construct and operate Orange County’s public toll road system comprised of the 73, 133, 241 and 261 Toll Roads.