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The FDOT is working in conjunction with the Federal Highway Administration and other federal, state, and local agencies to create a new venture that will be closely watched nationwide. Accounting gain will be recognized over time as the FDOT completes the design and engineering of individual roadway segments and the land is conveyed to the FDOT, a process that is likely to take many years to complete. Total operating expenses grew on average at 11% annually from 2001-2004, primarily due to costs associated with the expansion projects, higher FDOT overhead expenses, and transponders and staffing needs related to SunPass. |
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