Privatized toll collection, implemented almost two years ago on the Atlantic City Expressway, is expected to yield nearly $7.5 million in savings by the end of 2014. The South Jersey Transportation Authority voted to extend a contract with Faneuil Inc., of Hampton, Va., for an additional year, prolonging the agreement through November 2014 at a cost of nearly $3.7 million.
The authority first moved to private toll collection in January 2012 hoping to save millions in salaries, pensions and benefits. Still, the contract extension prompted questions about what developments could produce even greater savings. Commissioner Jeffery April questioned how long it might take before the expressway converts to an all-electronic tolling system, eliminating the need for toll collectors entirely. Drivers would pay through E-Z Pass or would receive a bill in the mail for accumulated tolls.
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