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.
Isn't the state of Texas supposed to use bids for contracts?
Isn't the state of Texas supposed to use bids for contracts?
1) We shouldn't have to pay to use a highway.
2) It's a regressive tax.
3) It's a blood-sucking tax that will never, ever go away.
4) Maybe they have toll roads up north, but that doesn't mean we need or want them here.
5) I'm seriously considering not voting for Perry because of his forcing it down our throats.
6) Normal highways have worked for all this time. Toll-roads are horrible ideas.
Not that I know of. It also looks like the Texas taxpayer will have to subsidize this company. Free Trade ain't FREE!!!!!!!
"please God kill this deal. every man jack invested in this plan participates in the heartless murder of the USA, the last best hope of humanity.
the men who plan and build this highway to hell must be stopped cold."
I agree 100%. When they built the Interstates through the American cities, the cities died. Nobody stopped there any more,but went right on through. They also enabled people to move to the suburbs and still work in the abandoned cities, while the factories were still there. They're gone now, too, along with the tax base.
This highway is to destroy the United States. You think the influx of illegal people and substances is bad now?
I love the way "free trade agreements" talk about transparency. What a joke.
Not that I know of.
BJClinton
You are properly named
"How is the taxpayer subsidizing this when the money for construction is being put up by Cintra/Zachary?"
Go here: On page 3 of 3 is a paragraph explaining the taxpayer will subsidize the company. The paragraph starts with "Our team....
http://www.keeptexasmoving.org/pdfs/projects/ttc35/fact%20sheet%20-%20Cintra-Zachry%20-%20031105%20FINAL.pdf
Post this paragraph if you will. I am not computer savy.
Do you not expect the taxpayer to pay for some items when the state is involved?.... How about land, how about TXDOT employees salaries, surveryors, Lawyers, equipment, office space, utilites, etc.... Did you think all this was free?
The $1.3 billion Cintra/Zachary will invest in this project to construct some 40 miles of roadway doesn't come from the taxpayers. Even the para you've hung your hat on in several post doesn't even allude to the taxpayer paying for the project but clearly states they will have very little investment.
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Our team will get needed roads built more quickly at very little cost to taxpayers and
even expect to return money to the state. Our road projects utilize the latest design and
construction techniques to help assure safety, environmental quality and convenience for
motorists and surrounding communities.
-----
New Navy After-action Report Backs Swiftvets
Newsmax.com ^ | Sept. 19, 2004
Posted on 09/19/2004 9:27:08 PM PDT by ArmyBratproud
A never-before-published after-action report obtained from the Naval archives by "Unfit for Command" co-author Jerome Corsi confirms key contradictions cited by the Swiftboat Veterans for Truth about John Kerry's Vietnam battle claims.
no. not in the least. its an accurate description of any highway system that facilitates the flow illegals and illegal contraband from south of the border.
And since CAFTA has been signed the flow is going to expand.
I trust that at minimum, you are Turtle Bay internationalist.
This is about the TX130 road, which was planned before the Trans-Texas corridor. It simply will let people going to San Antonio, Corpus, and Mexico bypass Austin to the east and then get on I-10 at Seguin to come into San Antonio. The Trans-Texas Corridor will probably simply use this road, but nothing has been decided yet and it is an independent project.
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man you have dead hand. the frightening thing is that you understand perfectly how the internationalists want this stuff to play out. likely you may even know that there is no upside for the USA in the TT corridor.
why flak for the internationalists. even the natural resources game is going to change radically in the next couple years.
"Do you not expect the taxpayer to pay for some items when the state is involved?.... How about land, how about TXDOT employees salaries, surveryors, Lawyers, equipment, office space, utilites, etc.... Did you think all this was free?"
Those people are on the job with or without the Trans/Texas Corridor. We are already paying their salaries and have been for many years.
This is what the Texas Farm Bureau has to say about this.
March 18 , 2005
Trans Texas Corridor:
snip....
In May 2004, Transportation Commissioner Ric Williamson, Governor Perry's point man on the Trans Texas Corridor, said, "It's either toll roads, slow roads or no roads." But Bell County Commissioner Richard Cortese doesn't believe for a minute that Cintra will be able to recover its $7.2 billion for construction without some help from taxpayers. According to Cortese, the deal they have with the State of Texas calls for "shadow tolling."
"In other words, they will toll cars that don't actually exist and the state will subsidize Cintra until it makes a profit," he explains.
Citing Section 370.172 (d), which states, "Tolls, fees, fares, or other usage charges are not subject to supervision or regulation by any agency of this state or another governmental entity," Cedric Popp, a Wharton County farmer and Farm Bureau member, wonders who is actually in charge.
snip....
Cintra, the Spanish company tapped to build Trans Texas Corridor 35 from Dallas to San Antonio, has a reputation for aggressive collection tactics and frequently raising tolls without public input, according to charges lodged by many Canadians.
http://www.txfb.org/TexasAgriculture/2005/031805/031805TTCpart3.htm
If they are going to charge taxpayers, these should be state or federal roads,.
train wreck for agriculture?
It depends on who you ask!
"Do you not expect the taxpayer to pay for some items when the state is involved?.... How about land, how about TXDOT employees salaries, surveryors, Lawyers, equipment, office space, utilites, etc.... Did you think all this was free?"
Those people are on the job with or without the Trans/Texas Corridor. We are already paying their salaries and have been for many years.
This is what the Texas Farm Bureau has to say about this.
March 18 , 2005
Trans Texas Corridor:
snip....
In May 2004, Transportation Commissioner Ric Williamson, Governor Perry's point man on the Trans Texas Corridor, said, "It's either toll roads, slow roads or no roads." But Bell County Commissioner Richard Cortese doesn't believe for a minute that Cintra will be able to recover its $7.2 billion for construction without some help from taxpayers. According to Cortese, the deal they have with the State of Texas calls for "shadow tolling."
"In other words, they will toll cars that don't actually exist and the state will subsidize Cintra until it makes a profit," he explains.
Citing Section 370.172 (d), which states, "Tolls, fees, fares, or other usage charges are not subject to supervision or regulation by any agency of this state or another governmental entity," Cedric Popp, a Wharton County farmer and Farm Bureau member, wonders who is actually in charge.
snip....
Cintra, the Spanish company tapped to build Trans Texas Corridor 35 from Dallas to San Antonio, has a reputation for aggressive collection tactics and frequently raising tolls without public input, according to charges lodged by many Canadians.
http://www.txfb.org/TexasAgriculture/2005/031805/031805TTCpart3.htm
If they are going to charge taxpayers, these should be state or federal roads,.
train wreck for agriculture?
It depends on who you ask!
Sorry for the double post.
You need tons click "co-ordinating" (Free Republic - The conservative click Guerilla)
Why the foreign builder?
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