Cobequid Tolls Diverted to Other Projects
Tolls will remain in place for the Cobequid Pass as the province uses the revenue for other projects.
Transport Minister Lloyd Hines says the paid highway offers what he describes as “the luxury of revenue”, money he wants to use rather than payoff the debt.
Under provincial law the toll charges must stop when the debt for building the pass highway is paid. The province has decided to defer final payments and keep the cash cow.
Hines says the department will build a rest area and mini maintenance facility to protect against future storm closures. He says having maintenance equipment at the pass may help avoid the sudden and localized backups that have been somewhat unique though not unforeseen in the area.
The highway, built with private loans, was expected to be paid by now. Just over 28 million remains on the debt while the toll generates about 20 million each year.
The charge on the Cumberland section of Highway 104 is the only such toll in all of Nova Scotia.
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