Terri Hall reports that the first foreign-owned toll road in - TopicsExpress

Terri Hall reports that the first foreign-owned toll road in Texas, SH 130, has been downgraded to junk bond status by Moodys Investors. The Spanish-based firm, Cintra owns 65 percent of the public-private partnership. Texas taxpayers are on the hook for repayment of over $400 million in loans for the project. As Governor, I will push for an end to the taxpayer subsidies of these toll road deals. This is yet another example of crony capitalism which needs to stop. We once had toll roads which became free roads once they were paid off. Now, we have free roads, being turned into toll roads in certain areas of the state and subsidized by the taxpayers. We need to develop a sound transportation policy that ends these questionable deals.

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