by Ed Regan, Senior Vice president, CDM Smith
The biggest growth area in the tolling market continues to be express toll lanes, or other forms of “managed lanes”. Over the last 5 years or so the number of operating projects in the U.S. has more than doubled, including some major projects delivered and operated under P3 arrangements. The outlook is likely to remain strong, at least for the next 7-10 years, but the nature of the projects is significantly changing. For the most part, these changes are likely to generate new opportunities for privatization.