Now posted online, the 91 Express Lanes Fiscal Year 2015-2016 annual report examines the trajectory of smart fiscal leadership and significant annual milestones that have contributed to the success of the 91 Express Lanes and other transportation alternatives in the area.
Keeping with the mandate to expend the revenue in the 91 corridor, in 2016, $24.4 million from tolls was used to repave the entire express lanes with no additional funds from taxpayers, and another $6 million was set aside for the construction of the Placentia Metrolink station. This brings the contribution from the express lanes to $14 million for this commuter rail station. Citing stronger-than-expected traffic and revenue performance, Fitch Ratings upgraded the 91 Express Lanes bond rating from A- to A. In addition, OCTA continued working with the Riverside County Transportation Commission to prepare for this year’s 8-mile extension of the express lanes into Riverside.
The 91 Express Lanes never stops moving and improving. Please enjoy reading about this self-sustaining engine that drives regional transportation growth.