Posted on 07/02/2006 1:22:43 PM PDT by Tolerance Sucks Rocks
UPDATE with environment report, financing details, tariffs structure
MADRID (AFX) - A consortium led by Cintra Concesiones Infraestructuras SA said it has signed its first contract to build a section of the Trans-Texas Corridor toll road project in the US and will invest 1.3 bln usd.
In a statement, Cintra said the 50-year concession is to design, construct and operate segments 5 and 6 of the SH 130 motorway between Austin and Seguin.
The consortium is 65 pct controlled by Cintra and 35 pct by local constructor Zachry.
Cintra announced the contract in Dec 2004, and said it expected to develop 6 bln usd of motorway projects over the next five years as part of the project.
The final approval of the contract is subject to environmental approval which may come within 6-8 months, Cintra said.
Financing for the project is yet to be finalized though the constructor is expecting to pay with 20-30 pct of its own funds and 70-80 pct debt.
Cintra added that the tariff scheme for the motorway will be 0.125 usd/mile for light vehicles and 0.50 usd/mile for heavy vehicles in 2006, and will be increased in-line with Texas' GDP per capita each year.
Um, she said Parrot.
I do not see government waste of tax dollars in this deal, but rather purely private funding. If I missed something please correct me. If it is complete private funding, I not only applaud this deal, I welcome it.
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billbears
I don't see it as a public vs private funding issue but rather as a sovereignty issue.
Born and bred in the good old US of A...AMERICA; as many familial generations before me were.
Much. Doesn't sound that sinister anymore, does it?
Prove it!
Virginia DOT - Cintra partnership Smart Tag/Ez Pass.
http://www.virginiadot.org/projects/resources/CintraTAB_2_ProjectCharacteristics.pdf
You said that tolls are regressive. They are not, except in the overly-broad sense you yourself created. A toll is essentially a user-fee, and about as close to being the opposite of "regressive" as something can get.
I could care less about sovereignty when it comes to building a road. Heck if the Chinese want to build all our roads, let 'em. If a US company offers a better deal, then let them build the roads.
For me it boils down only to the view of internal improvements. Congress was authorized to build only post roads. Not interstate highways (built under the lie of troop transportation), railroad systems, or anything of the sort. Those projects were intended to be driven by private industry alone.
good to hear you zip your pants up in the front rather than on the side.
Sure does sound sinister.
Cintra enters into NGO Coalition projects.
Once that is done, CFRs are signed for FOIA.
How secure is private data then? All depends on the NGO Coalition project.
CCP a lie I've told.
Don't do that. We'd have a Starbucks and Dunkin Donuts at every exit ramp instead of a Stuckeys every 50 miles....
Yes, she did, big deal... so I goofed. It still was a ridiculous post made to me.
Yeah Calpernia, we can hope that info will be better kept than this country's institutions which have become leaking sieves of personal info and national security. sigh
I hope they make Texas E-Z Pass-compatible. That way, I could someday cruise down the eeeeeeeeeeeevil Texas 130 and the eeeeeeeeeeeevil TTC-35 while visiting the state.
The Chicago Skyway was once city owned; it has been sold to private hands. Is that likewise a "lose of sovereignty" too?
That doesn't sound sinister at all, unless you are afraid of acronyms. Doesn't make much sense either. An NGO will get its hands on your credit card number? You mean NGO, as in Amnesty International?
[slap slap]LEASED![slap slap]
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