NorvegfinansToll Money financing

Toll Money financing

In Norway, a toll money company lends the necessary money from a financial institution (bank), and have to pay interest. If the Norwegian State was to build as many roads by public means alone, the projects would either not be realized or delayed.  

 

 

Toll money financing also levies costs with the collecting of the toll money. These costs will vary between the companies. Low traffic and low financing part will give relatively higher collecting costs

 

The right to collect toll money is based on an agreement between the State (the Norwegian Public Road Authorities) and each toll company. The Norwegian Public Road Authorities own the collecting equipment og set the toll charges according to given rules. All costs related to operation of the collecting equipment, the collecting systems, their service and maintenance and later updating must be covered by the toll company.

 

The toll companies are established as a result of local and regional political agreements. It is a common aim that each toll project shall be downpaid as fast as possible to a lowest possible cost.

 

Norwegian toll companies have organized themselves in Norvegfinans.

 

Norvegfinans and the Norwegian Public Road Authorities cooperate in order to have a low-cost toll money collection. The new AutoPASS system has simplified toll money payment, and automatic (non-staff) toll stations have been implemented in Bergen and Tønsberg.

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