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Archive for the 'Why Foreign Companies?' Category

Austin’s toll revenue projections cut in HALF

Monday, May 10th, 2010

Link to article here. Note how Austin’s toll revenue projections are cut by more than HALF in their long-range plan. Also of note is the acknowledgment that selling our highways to foreign companies in “concession” deals has fallen out of favor with the legislature. That’s due to the grassroots’ blowback over the last 4-5 years. […]

Privatized Toll Road Letdown

Tuesday, May 4th, 2010

Link to article here. Published: April 27, 2010 3:00 a.m. Toll Road letdown Journal Gazette Opponents predicted this would happen. When Gov. Mitch Daniels sold his plan to lease the Indiana Toll Road for 75 years, some opponents said the financial projections were too rosy, that the $3.8 billion proceeds and interest would not fully […]

Goldman Sachs accused of defrauding investors

Sunday, April 18th, 2010

Link to article here. Goldman Sachs has been a key player in advising governments as well as private investors on infrastructure/toll road deals called public private partnerships. They’re instrumental in many deals in Texas and have swarmed our highway department, infecting them with their fraudulent schemes that exploit taxpayers. Perhaps if justice is truly served […]

PPP planned for Oregon bypass through farmland

Monday, April 12th, 2010

Link to article here. It shouldn’t surprise that the pro-toll crowd sees farmland as fair game fro condemnation for toll roads and preferable to residential and commercial property. With this attitude, how will we feed America if we continue to pave over our country’s farmland to make way for urban “congestion relief”? The Trans Texas […]

Privatized toll road goes bankrupt using taxpayer money

Tuesday, April 6th, 2010

San Diego’s South Bay Expressway foreign-owned toll road has become the new poster child for the failed policy of road privatization. Up until now, most “conservative” and libertarian think tanks have promoted PPPs (public private partnerships) as the “free market” solution to road building. I’ve said all along it’s no such thing. They’re government-sanctioned monopolies […]

Proposed toll road through prime farmland in Oregon draws ire

Tuesday, April 6th, 2010

Link to article here. Sounds eerily familiar…the Trans Texas Corridor would also eat-up prime Texas farmland, the Blackland Prairie, and just one corridor would displace $1 million people. Wait till the Oregonians find out about non-compete agreements and guaranteed profits for these private toll road operators… Proposed toll road south of Portland runs into opposition […]

San Diego privatized toll road goes bankrupt using taxpayer money

Monday, April 5th, 2010

The South Bay Expressway foreign-owned toll road is the new poster child for the failed policy of road privatization. Up until now, most “conservative” and libertarian think tanks have promoted PPPs (public private partnership) as the “free market” solution to transportation finance. I’ve said all along it’s no such thing. They’re government sanctioned monopolies and […]

Trans Texas Corridor still alive

Monday, March 22nd, 2010

Trans Texas Corridor routes moving at freight train speed By Terri Hall, City Brights Blogger Mar 20, 2010 San Antonio Express News After Rick Perry’s highway department announced the Trans Texas Corridor (TTC) route known as TTC-35 was “dead” in 2009, we find out post-election in 2010 that it, along with free trade, is very […]

London tube line’s public private partnership in the hole

Monday, March 22nd, 2010

Link to article here. This is another example of how a so-called “public private partnership” (PPP) actually means PUBLIC money for PRIVATE profits rather than the “partnership” taxpayers were promised, one where the private entities put up the money and take all the risk. A legal ruling deemed that the private contractor, Ferrovial (parent company […]

Trans Texas Corridor TTC-35 resurrected post-election

Friday, March 19th, 2010

Link to article here. The good news is, the section of I-35 where there is a 391 local government commission (TURF co-sponsored events to help spread this method to fight the Trans Texas Corridor for TTC-69), I-35 will be expanded and kept toll-free. However, right after the election, Perry’s TxDOT announced its intention to extend […]

   
   

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