REGINA, Sask. – Saskatchewan’s Transportation Partnership Program Fund (TPP) has yielded $2.6 million in uncommitted funds, which are to be reinvested in the province’s highways.
Since it’s inception in 1997, the program has raised $3.5 million, and this year represents the first time the province’s trucking industry has been able to spend that money.
A committee has been formed to examine ways to spend the leftover cash, and they have reached a tentative decision. The terms of the plan have not yet been released, but are expected soon.
The fund allows trucking companies certain privileges, such as increased weight allowances, under the conditions that those companies contribute some of their savings to the fund. The industry has complained on occasion that the rates charged under the program are too high.
As well, original projections indicated there would be $20 million available in the fund. Only a little more than 10 per cent of that amount was generated.