To: Paleo Conservative
I agree tolls are the way to go, but not foreign toll companies taking the profits and running, local toll authority's bound by law to use the profits to expand the system is a much better idea, set the toll rates and profit margins by law; any surplus goes to building more roads or lowering tolls on the existing roads.
8 posted on
04/04/2008 8:04:05 AM PDT by
JDinAustin
(Austinite in the Big D)
To: JDinAustin
"but not foreign toll companies"
Very recently a Texas legislator suggested that Texas retirement funds invest in Texas roads. That sound good but the head of the teacher retirement fund said that they can make more money investing in China roads.
The point being that capital investment money is flowing all all around the world and if you exclude foreign investors, domestic investors will be excluded elsewhere.
To: JDinAustin
I agree tolls are the way to go, but not foreign toll companies taking the profits and running, local toll authority's bound by law to use the profits to expand the system is a much better idea, set the toll rates and profit margins by law; any surplus goes to building more roads or lowering tolls on the existing roads. Cintra has lots of experience designing toll roads in Europe. I think it's a good idea to have a company with that kind of experience in charge. What's so great about having local engineering companies make the same design mistakes someone else made 40 years ago? It's better to learn from both the successes and mistakes of companies that have been designing and running toll roads for decades.
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