From the CRC DEIS, 4-
Under Federal law, a project is permitted to use certain toll revenue expenditures as a credit toward the local matching share of federally eligible highway and transit projects. This concept is frequently referred
to as toll credits.
Toll credits are earned when a state or toll authority funds an eligible capital investment with toll revenues from an existing facility. Project sponsors may use toll credits as local match on a Federal project. By using a sufficient amount of toll credits, the federal funding for a project can be increased to 100 percent. [bold added]
Fares paid by ferry riders, in places where ferry routes are considered part of the highway systems (such as the Washington State Ferry System), can earn toll credits in the same manner as a tolled highway. WSDOT has earned toll credits through this mechanism, and may provide an allocation of toll credits to the CRC project.
In this assessment, up to $750 million in New Starts funds are assumed to be available
to the high-
Some issues arise with the use of toll credits. First, the project staff must work
with FTA to ensure that the use of toll credits does not negatively affect FTA’s
New Starts rating of the project. Second, as part of any Full Funding Grant Agreement,
FTA will establish a maximum amount of New Starts funds available to the project,
and will obligate the project sponsors to cover any cost overruns with non-
How Does Light Rail Affect Bridge Tolls?
We believe that a low cost bridge project (like the I-
The above is from the Environmental Impact Statement which gives many details of the project. This document can be downloaded from the Columbia River Crossing’s official web site in chapters or as one 95 meg zip file from PortlandFacts.com