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.
As a result of a competitive Request for Qualifications procurement process initiated during the summer 2016, three advisory pools were established by the Commission at its September 26, 2016 meeting. Various firms from these pools were engaged to assist the Commission in a 2017 bond offering and other potential financial matters over the ensuing three years.