The Delaware River Joint Toll Bridge Commission’s transportation network handled 138.7 million vehicular crossings in 2019, including long-distance commercial shippers, job commuters and recreational travelers. The Commission has strong financial metrics and bond ratings of grade A or above.
The Commission is one of the country’s oldest toll agencies. It now operates eight toll bridges, three of which carry U.S. Interstate Highway System traffic. Bond rating agencies have praised the Commission for having high debt-service coverage ratios, good asset condition, strong traffic performance, competitive toll rates, and high liquidity. The Commission’s healthy financial outlook has resulted in bond rating upgrades and long-term cost savings on outstanding debt obligations in recent years.
The Commission approved a two-step toll adjustment in April 2021. Implementation of that toll adjustment’s final elements is scheduled for January 2024: the E-ZPass toll rate for passenger vehicles (Class 1) will increase 25 cents to $1.50 and a 20-year-old frequency-based E-ZPass commuter discount program will expire. The Commission has A-grade bond ratings. It maintains a 2.0-plus debt-service-coverage ratio.