Fitch: Recent Data Supports Viability of Managed Lane Projects

NEW YORK--(BUSINESS WIRE)-- Initial traffic and revenue data is relatively robust for recently opened managed lanes (ML) projects, according to a new Fitch Ratings report.

'Data indicates a favorable ramp-up may be achievable under the right circumstances. The robust initial performance provides confidence about project viability, when well-conceived,' says Tanya Langman, Director.

Other report findings include:

--MLs are generally most valuable when serving busy commuter routes with ML generating 70 percent to 90 percent of their revenue during peak and shoulder-peak periods.

--Drivers may be placing more weight on benefits other than just time savings when deciding whether to use MLs, most notably the reliability of journey time and higher perceived safety levels of MLs.

--Free access and type of tolling policies have a direct impact on revenue generation on MLs.

--Ramp-up may be negatively influenced by the complexity of lane configuration yet positively impacted by familiarity with MLs.

--Many projects will eventually form part of broader express lane networks, which could result in better accessibility and improved traffic demand for some segments, while adversely affecting others given the enhanced driving options .

The full report titled 'US Managed Lanes: Sector Update' is available on the Fitch Ratings web site at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

U.S. Managed Lanes: Sector Update

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=864603

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150603006041/en/

Fitch Ratings
Tanya Langman
Director
+1-212-908-0716
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Raymond Wu
Associate Director
+1-212-908-0845
or
Saavan Gatfield
Senior Director
+1-212-908-0542
or
Media Relations:
Elizabeth Fogerty, New York, +1 212-908-0526
Email: [email protected]
Sandro Scenga, New York, +1 212-908-0278
Email: [email protected]

Source: Fitch Ratings

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• GeneDx Holdings Securities Fraud Class Action Result of Acquisition Performance Misrepresentations and 49% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC
• Forensic Intelligence Announces Secured AI Workspace for People from Diverse Fields to Access Official Company Extracts from 100+ Countries
• Zillow Group Securities Fraud Class Action Arising from Alleged Anticompetitive Agreement and Related Regulatory Risks – Investors May Contact Lewis Kahn, Esq., at Kahn Swick & Foti, LLC