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53%  
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Keyword: abertis

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  • Texas wants its public funds to invest in roads

    08/22/2008 10:57:25 AM PDT · by Tolerance Sucks Rocks · 20 replies · 221+ views
    Reuters ^ | August 21, 2008 | Reuters
    NEW YORK (Reuters) - Public investment funds based in Texas could invest directly in transportation projects through a new corporation under a plan unveiled on Thursday by the state's legislative leaders and the governor. Texas has the nation's biggest road privatization plan but the legislature, reacting to criticisms that developers were enriching themselves at the expense of taxpayers, enacted a two-year moratorium. That has crimped road-building projects and led to a series of clashes between the governor and the legislature, who now have agreed on a compromise plan. Developers, including overseas companies, investment banks and private equity funds all vie...
  • Paying Up (Toll-Road Sales)

    05/08/2006 4:48:12 PM PDT · by Tolerance Sucks Rocks · 36 replies · 930+ views
    Barron's ^ | May 8, 2006 | Andrew Bary
    AMERICA'S TOLL ROADS, BETTER KNOWN for political patronage than for strong business and financial management, suddenly are hot assets. Already, foreign companies have paid rich prices for highways in Chicago and Indiana. And similar deals could be made over the next few years for the Ohio Turnpike, the Illinois Toll Highway, several toll roads around Houston, the Atlantic City Expressway and perhaps even the New Jersey Turnpike, America's best-known toll road, featured in the opening credits of The Sopranos. Private money potentially also could fund a multibillion-dollar toll bridge that would replace the aging and congested Tappan Zee span across...