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FILLING THE TOLL GAP
Projections for traffic counts and toll collections show that the N.C. Turnpike Authority won't collect enough money from drivers to cover the cost of building, operating and maintaining its planned toll projects over the next 40 years.
The new state budget includes a plan to cover the toll gaps for the first four planned toll projects. Over three years, it phases in a $99 million-per-year payment to augment toll collections for its four projects:
* Triangle Expressway, 18 miles in Wake County and Research Triangle Park. Total cost: $967 million. Gap funding: $25 million each year, starting this year.
* Monroe Connector/Bypass, 21 miles in Union County. Cost: $757 million. Gap funding: $24 million a year, starting fiscal year 2009-10.
* Mid-Currituck Bridge, 7 miles over Currituck Sound. Cost: $636 million. Gap funding: $15 million a year, starting fiscal year 2009-10.
* Garden Parkway, 15 miles in Gaston and Mecklenburg counties. Cost: $765 million. Gap funding: $35 million a year, starting fiscal year 2010-11.
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