Dynamic toll pricing
I suggest caution regarding dynamic toll pricing on HOT lanes (pg 71) until use history in Texas is established and reviewed. For example, we should wait and see if HOT lanes on 1-635 in Dallas and the I-10 Katy Freeway in Houston are successful.
Additionally, I feel there were several opinions which were left out or marginalized in this report. I would have liked to see mention of the testimony which recommended shorter time periods for CDA's, an analysis of the contract terms of successful PPPs, or an expansion of Mr. Enright's testimony.
Ultimately I think private equity does have a role to play in transportation financing. However, I would like to see a system which encourages and allows local authorities the first right of refusal to develop a project, followed by TXDOT. I think the private equity model should be an option, but only after all publicly owned options have been exhausted.
Thank you again for your leadership on this committee, and thank you again for allowing me to give my input on these issues.