Governor Eric Holcomb announced on Tuesday that Indiana would be increasing tolls along the infamous Indiana Toll Road by 35%… but only for vehicles Class 4 and up.
Since the Indiana Toll Road is operated by a private company, the Indiana Toll Road Concession Company, they are not currently required to disclose how much they estimate that the tolls will cost truckers in total. But for the right to increase tolls, the company is paying the state $1 billion over three years, so the cost to drivers will likely be significant.
A single trip across the Toll Road used to cost a Class 8 truck $44.50. Now that cost will jump to $60.07… though drivers can save $.05 by using E-ZPass.
The state will be using the money to finance different infrastructure projects. This includes:
- $20 million in incentives to bring more international flights direct to Indianapolis
- $90 million to add new hiking, biking, and riding trails
- $100 million in improvements to broadband access for rural areas
- $190 million for improvements to U.S. 20, U.S. 30, and U.S. 31
- $600 million to complete the final part of I-69 between Martinsville and Indianapolis 3 years earlier than expected.
The Toll Roll Concession Company will also be required to invest $50 million into upgrades for the Toll Roads themselves.
But while Gov. Holcomb touted the toll increases as being about “one Indiana, right down to our smallest town,” critics see the increased tolls as just taxes in disguise.
“Make no mistake, these huge increases will eventually be passed along to consumers,” said Rep. Patrick Bauer, D-South Bend, according to the Indy Star. “Taxing one industry that uses the toll road in northern Indiana in order to support the various needs of other parts of the state is ridiculous.”
The increased tolls will go into effect October 1st.