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The concept of smart highways and the use of technology and data to enhance how highways were traditionally developed and operated is a great concept. The highway system is a great asset and has so much potential for revenue generation through non-toll options such as data services. Some states have started evaluating these options.
As a part of its “Road to Tomorrow” initiative, the Missouri Department of Transportation is seeking proposals for a pilot project to incorporate innovative technology into a Missouri roadway that potentially could generate new revenue streams for transportation.
The project will evaluate if “smart pavement” can make roads sustainably self-funded by providing value-added wireless services to support mobile connectivity and next-generation electric, connected and autonomous vehicles.
“We want to see if interstate travelways can become a platform to generate revenue through the collection and transmission of technology and data services,” Road to Tomorrow Team Lead Tom Blair said.
Proposals are due October 31, 2016, and MoDOT hopes to select a best-value proposer in early 2017.
MoDOT’s “Road to Tomorrow” initiative aims to develop public-private partnerships to look at new and innovative ways to fund Missouri’s transportation infrastructure.
InfraShares is excited about the use of technology in this pilot project and encourages all state DOTs to consider the use of technology in financing their projects through crowd-financing. Contact us if you would like to brainstorm or discuss innovative ideas.