HAMMONTON, N.J. (AP) — Private toll collection on the Atlantic City Expressway is expected to save nearly $7.5 by the end of next year.
The South Jersey Transportation Authority on Wednesday approved a one-year extension to a contract with a Virginia company that started collecting the tolls in January 2012. Faneuil Inc. will be paid nearly $3.7 million.
Authority acting director Sam Donelson tells The Press of Atlantic City (http://bit.ly/16OsYsa ) projections suggest the authority is saving 43 percent over three years by outsourcing collection to the private sector.
Information from: The Press of Atlantic City (N.J.), http://www.pressofatlanticcity.com
Copyright 2013 The Associated Press.
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