RE:RE:RE:Ruh-Roh Except that the "infrastructure bill" was supposed to unleash a golden age for ITS. It hasn't.
Perhaps governments don't have the stomach to toll (tax) people more when inflation is running so hot.
This is compounded by the fact that the cumulative interest cost to build a highway just quadrupled in the past 12 months over the life of a 30 year project. This assumes construction costs are the same.
That means the cost of tolled highways per mile need to be twice what they are today.
So to make this real, the average person that is paying $1,000 per month to drive on the 407 daily would need to pay $2,000 per month on a new version of the same highway. No government would build such a highway right now.
Even with infrastructure bill funding, the cost of the highways doesn't offset the rise in interest rates and construction cost inflation.
Inflation and interest rates need to come down to make the ITS industry exciting again.