The DRPA board has voted to defer scheduled toll increases six times since 2013 and officials say the authority needs more revenue.
PublishedDelaware River Port Authority board members are considering a 20% hike in tolls to cross the four bridges connecting New Jersey and Pennsylvania that it owns and operates, which would be the first increase since 2011 if enacted.
“As stewards of these vital assets we must make fiscally responsible decisions to make certain that the bridges are safe from disasters like the one that occurred in Baltimore … and that the bridges are structurally sound for generations to come,” DRPA board chairman James D. Schultz said in a statement.
An increase is on the table because officials anticipate other possible costs such as new federal safety regulations arising from the investigation into the Key Bridge collapse and the need to hire more police. Officials also want to preserve the authority’s credit rating, to avoid borrowing costs. DRPA has been paying down its debt dramatically in recent years.
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