The Knik Arm Bridge and Toll Authority, which is proposing a controversial Alaska public-private partnership toll bridge project, may need more funding from the state if toll revenues fall short, according to local press reports.

Authority chairman Michael Foster told the Anchorage Daily News that traffic forecasts show toll revenue will be able to replenish reserves paid by the state after the first few years, but the Legislature could be asked for more.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.