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Bridge department updates: rate study nearing completion; World Trade Bridge expansion delayed for environmental review
Summary
Bridge director Asana Folsom told the Laredo Bridge Advisory Committee the toll rate study is 75% complete and that staff will present rate scenarios and related budget information at the committee’s May meeting.
Bridge director Asana Folsom updated the committee that the bridge rate study is approximately 75% complete and that staff expects to present a finalized study and budget scenarios at the May meeting. Folsom said staff and consultants are finalizing revenue and expenditure projections and assessing equipment life spans for toll systems and administrative building renovations.
Folsom said some bridge facilities and toll equipment are reaching end of life and that replacements and backups are being assessed so lanes do not…
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