Tijuana, October 24.- Mexican and U.S. authorities signed today the Collection and Revenue Sharing Agreement for the Otay II Port of Entry, which designated the toll booth to be located in the state of California and to charge a variable toll, both northbound and southbound.
The signing of this document establishes an agreement regarding the equitable distribution of tolls between both countries, as well as the operation and maintenance of the port. For this purpose, a Binational Working Group will be created. This will serve as a non-governmental administrative body to determine the processes related to setting rates, collecting and distributing revenue, with the support of the North American Development Bank.
Long-term toll revenue is estimated at approximately 5.3 billion pesos through 2062 and will be distributed equally between the San Diego Association of Governments and the Department of Infrastructure, Communications, and Transportation.
Representing the Mexican government were Jorge Nuño, Undersecretary of Infrastructure and Head of the Ministry of Infrastructure, Communications, and Transportation (SICT), and Roberto Velasco, Chief of the North American Unit of the Ministry of Foreign Affairs (SRE). Representing the California government were Lieutenant Governor Eleni Kounalakis and Todd Gloria, Mayor of San Diego and Vice President of the San Diego Association of Governments.
