Looks like the Canadian's aren't too happy with Spain over their Toll Roads.
http://www.nupge.ca/news_2004/n13au04a.htm
From the article:
" An arbitrator ruled earlier this year that the consortium has the right, spelled out in a 600-page contract negotiated and signed by the Harris government, to set whatever tolls it likes until the deal expires in 2098."
Ouch! Sir, that will be $30 use 'our' toll road.
Interesting find.
Something was wrong with that Toronto/Canadian contract. I've never found out the real story. Cintra's 99-year lease of the Chicago Skyway allows for the toll to be doubled to $5 by 2017, and adjusted for inflation thereafter.
Yes, and much of the 407 ETR was built on a route that was supposed to be used for the link between the eastern and western portions of hwy 403, parallel to the very heavily travelled (and congested about 12 hours a day) QEW, thus removing any chance for ever successfully completing that link with a public road. The only good thing I can say about the 407 is that it has probably destroyed any chance that the public will ever approve of another privately owned (or hopefully any) toll road being built in this province. Well, that and the fact that it doesn't have any stupid traffic-slowing and accident-causing toll booths. Toll roads suck, IMNSHO. You'd be hard-pressed to find anyone around here who would disagree with me. Oh, yeah, that deal is just one of the stupid decisions made by the previous (Conservative) provincial gov't that resulted in them not being in power here anymore.