The Massachusetts Turnpike Authority Friday approved toll hikes that will generate nearly $100 million of additional revenue for the authority to help meet operating needs and rising debt service costs.

Officials could implement the toll increases by February or March after holding public hearings as required by law. The hikes will enable the authority to maintain debt service coverage at 1.28 times in fiscal 2009 on $2.2 billion of Metropolitan Highway System debt and approximately 1.6 times coverage in future years, according to MassPike's chief financial officer, Joseph McCann.

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