South Carolina Express Toll Lanes and Public-Private Partnerships Program

planned

South Carolina has enacted a new transportation law that authorizes the establishment of express toll lanes and the use of public-private partnerships (P3s) for managed lane projects and other Department of Transportation (DOT) owned road or bridge assets. The law restructures the state's transportation agency, abolishing the SCDOT commission and giving more oversight to the governor and transportation secretary. The state plans to set up a P3 office and is considering managed lane corridors on Interstate 77, I-526, I-26, and I-85. The law allows P3 contracts to last up to 60 years and permits the issuance of turnpike bonds payable from toll revenues.