|
Toll-road tab
By Times staff writer
© St. Petersburg Times, published January 28, 2001
The cost of the Suncoast Parkway generally is reported as $507-million, but when interest costs are added in, the total reaches $861-million. Here is a breakdown of all the costs, including the amount that must be paid over the next 30 years in interest on the bonds that financed the project. The bonds will be paid off mostly with revenue generated by tolls on the parkway.
Activity...Cost
Preliminary engineering...$45-million
Right-of-way acquisition...$135-million
Construction...$264-million
Oversight...$58-million
Toll equipment...$5-million
Interest on bonds...$354-million
Total...$861-million
Source: Florida Department of Transportation Turnpike District
Back to Hernando County news
© 2006 • All Rights Reserved • St. Petersburg Times
490 First Avenue South • St. Petersburg, FL 33701 • 727-893-8111
|
