[a fool in paradise]

Rick Perry tried to sell Texas tollroads to a company in Spain for windfall revenue.

And such agreements include non-compete clauses that prohibit alternate free roads from being built.

[af_vet_rr]

Rick Perry tried to sell Texas tollroads to a company in Spain for windfall revenue.

And such agreements include non-compete clauses that prohibit alternate free roads from being built.

Are you talking about that Spanish consortium that bought interests in a few Texas companies so it could claim to have Texas ties? Are you talking about the Spanish consortium that was buying small newspapers up and down the proposed tollroads so that they'd have positive coverage?

[Alberta's Child]

There's a reason why foreign companies are usually the only ones who bid on these private toll road contracts. Most American companies steer clear of them because they are terrible investments in the long run no matter how this article tries to spin it.

If you look at a history of these public-private ventures for toll roads you find that they have two major flaws:

1. They are based on traffic volume and revenue forecasts that rarely pan out.

2. The investors don't account for the enormous liability of owning a type of asset that typically sees 35,000 to 40,000 fatalities in the U.S. every year.