NEW ROAD POLICY, now being debated in Washington, may bail out recently built state turnpikes that are financial flops, raise value of depressed turnpike bonds. New plan would link turnpikes into $33.5 billion U.S. highway program, have Government reimburse states for their costs. Kansas, Pennsylvania, Kentucky are hoping to unload some turnpikes onto federal network, possibly turn toll roads into free U.S. highways.
RAIL FARES are rising another 5% for coach and first-class passengers on western roads and eight big eastern lines, including the Pennsylvania, New York Central, Chesapeake & Ohio. Together with 7% Pullman-fare hike, increase will raise revenues $29.5 million...
To continue reading:
or
Log-In
