Tag: Toll

By on October 22, 2010

Motorists traveling through New Jersey see $43 million of money paid through tolls wasted on the bureaucracy, according to an audit released Tuesday by the state comptroller. The New Jersey Turnpike Authority is responsible for running the Garden State Parkway and New Jersey Turnpike. Its employees took funds from the continuously increasing tolls and used it to enrich themselves in a number of ways.

“While tolls are going up, the Turnpike Authority is overpaying its employees, overpaying its management, overpaying for its health plan and overpaying for legal services,” State Comptroller A. Matthew Boxer said in a statement.

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By on June 14, 2010

Toll road giant Macquarie Bank this week announced its intention to acquire the leading operator of red light cameras and speed cameras in the US. Macquarie, known for its skill in harnessing government guarantees to make itself a “millionaire’s factory,” made an offer to purchase Redflex Traffic Systems of Australia at the bargain price of A$2.50 a share.

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