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Keyword: privateinvestment

Brevity: Headers | « Text »
  • Trans-Texas Corridor

    04/29/2008 5:29:55 AM PDT · by Tolerance Sucks Rocks · 16 replies · 459+ views
    Quarter Horse News ^ | April 29, 2008 | Sonny Williams
    Each day, I make the dreaded drive down Interstate 35 to go to work in Fort Worth. Each day, I slug through the snarl and sludge of ceaseless traffic, which intensifies my growing desire to commit hari-kari, or at least incites a vehement curse of the highway gods. Certainly, we in Texas need more lanes, more roads, more rails, more something to deal with the ever-expanding urban population and growing international commerce. Yet how do we solve our transportation needs without carving up the countryside like some congratulatory cake? Or should the construction of a superhighway-rail-utility corridor even concern us?...
  • Transportation leaders: Texas needs more money for its roads

    04/25/2008 5:13:48 AM PDT · by Tolerance Sucks Rocks · 13 replies · 342+ views
    The Dallas Morning News ^ | April 23, 2008 | Michael A. Lindenberger
    AUSTIN — Maybe Texas’ transportation problems are a lot simpler to understand than recent fights over toll roads make it seem, North Texas leaders told state senators Wednesday. “My first recommendation: You need to provide a lot more revenue for transportation,” Michael Morris, transportation director for the North Central Texas Council of Governments, told the Texas Senate transportation committee. That was hardly the only suggestion from Mr. Morris or the many others who spoke to the committee, which is seeking input as it readies an approach on toll roads, TxDOT and more for the next legislative session. But it might...
  • Governor Perry sticks to privatization for toll roads

    04/24/2008 11:20:21 AM PDT · by Tolerance Sucks Rocks · 16 replies · 223+ views
    The Dallas Morning News ^ | April 23, 2008 | Michael A. Lindenberger
    AUSTIN – Gov. Rick Perry promised to keep fighting for private toll roads and his other transportation priorities Tuesday during his first major speech on the subject since the death in December of transportation commission chairman Ric Williamson. "This is a place for big challenges, not big excuses," he told state Transportation Department employees and highway experts from around the country at the annual Transportation Forum. Next year's legislative session, he said, can't be anything like last year's. "The Legislature must understand that 'no' is not a solution," Mr. Perry said. "It is an abdication of responsibility." Before last year's...
  • A Transportation Alternative In Texas

    04/08/2008 5:44:33 PM PDT · by Tolerance Sucks Rocks · 21 replies · 228+ views
    The Houstonian ^ | April 8, 2008 | Sally Abdelmottlep
    Cars have been a huge part of our lives. We use them to get around anywhere. It might have been the best invention mankind came up with, but we all hate several common things about cars, such as the cost of gas prices and traffic. We think sometimes in our imagination how awesome it would be if cars had wings, so maybe one day we will fly through terrific! We also despise accidents, high insurance and drunk driving. Sometimes, I feel that we need other alternative means of transportation, such as a subway system in the state of Texas; maybe...
  • Cintra/Zachry complete legal work on $1,360m financial close with TxDOT on SH130 5&6

    03/19/2008 6:20:26 PM PDT · by Tolerance Sucks Rocks · 13 replies · 949+ views
    TOLLROADSnews ^ | March 10, 2008 | TOLLROADSnews
    SH 130 Concession Company LLC finalized the legal details of a financial close with Texas DOT on a $1,360m toll concession to build SH130 segments 5&6 Thursday and Friday last week in bankers' offices in New York City - at Orrick, 666 Fifth Avenue. The actual money flows should occur on Thursday or Friday (Mar 13 or 14) this week, Jose Maria Lopez de Fuentes, president of Cintra North America, told us this morning. Hundreds of documents and over 20 lawyers were involved last week representing TxDOT, private equity people, banks, mostly European, the TIFIA loan group from FHWA, and...
  • Spanish firm using loan from U.S. to build segments of Texas toll road

    03/14/2008 4:23:23 PM PDT · by Tolerance Sucks Rocks · 20 replies · 860+ views
    Land Line Magazine ^ | March 13, 2008 | David Tanner
    Officials with the Spanish toll road operator Cintra have announced that the company has secured $430 million in loans from the U.S. government to build and operate two segments of a toll road in central Texas. Cintra officials announced the company’s financial plan for the $1.36 billion Highway 130 segments on Monday, March 10. OOIDA Senior Government Affairs Representative Mike Joyce told Land Line that the Association does raise red flags when federal dollars are used to subsidize private investors. Officials with the Owner-Operator Independent Drivers Association are not, however, categorically opposed to a state using future toll revenue to...
  • Trans-Texas Corridor

    03/09/2008 1:08:26 PM PDT · by Tolerance Sucks Rocks · 21 replies · 1,328+ views
    Nolan Chart ^ | March 8, 2008 | Adam Rink
    Topic: Globalism The Texas Department of Transportation (TxDOT) is planning on building a new super highway system called the Trans-Texas Corridor (TTC). The Trans-Texas Corridor will not be just another interstate and will it will be used by more than just automobiles. It will include 10 lanes for traffic, two high speed rail tracks, four standard rail tracks, utility lines, oil pipelines, and gas pipelines. The Trans-Texas Corridor will consist of many corridors segments that are 1,200 feet wide, with each mile consuming 146 acres of land. This land is currently ranch and farm land that is being taken by...
  • TxDOT accused of breaking federal law

    03/06/2008 1:18:28 PM PST · by Tolerance Sucks Rocks · 9 replies · 342+ views
    The Navasota Examiner & Grimes County Review ^ | March 6, 2008 | Rosemary Smith
    Texas spirit was alive and well at the Navasota DEIS public hearing on Feb. 28. Opposition groups, such as the International Brotherhood of Teamsters, came from as far as Washington, D.C. to give recorded testimony, and get a first hand look at TxDOT process procedures. Assistant Director of Communications, Leigh Strope, who attended the meeting on behalf of the 34,000 Texas Teamsters Union members, says, “Teamsters want to stop the dangerous trend of selling our roads and bridges to foreign investors so they can slap tolls on the driving public. We are also concerned because the Trans-Texas Corridor would form...
  • High-Speed Solutions: The idea of passenger rail travel to major Texas cities picks up speed.

    03/05/2008 1:47:33 PM PST · by Tolerance Sucks Rocks · 33 replies · 465+ views
    Fort Worth Weekly ^ | March 5, 2008 | Dan McGraw
    Driving down to Austin lately has become a real trip. I-35 is usually packed for most of the 185 miles, and what used to take three or four hours now can take five or six. Flying down can take almost as long, when you figure in airline security delays, more flight delays, and the time it takes getting into and out of crowded airports. But what if it took 45 minutes to travel from the Metroplex to Austin by train or an hour to make a trip to Houston? Advocates of high-speed rail lines are floating these ideas once again...
  • Trans-Texas corridor stirs controversy

    02/26/2008 2:28:30 PM PST · by Tolerance Sucks Rocks · 9 replies · 540+ views
    One News Now ^ | February 26, 2008 | Jim Brown
    The debate in Texas over a proposed 4,000-mile network of toll roads that will parallel the state's existing highway system is heating up More than 10,000 people have attended public hearings across Texas to discuss the proposed Trans-Texas Corridor, which has also been dubbed the "NAFTA superhighway." It is a project that is expected to cost an estimated $183 billion over 50 years. (hear audio report) Terry Hall with the group Texans Uniting for Reform and Freedom warns the project will create widespread eminent domain abuse and involve foreign control of public infrastructure. "They're taking huge swaths of land, up...
  • Corridor: All in favor? None

    02/26/2008 1:49:40 PM PST · by Tolerance Sucks Rocks · 12 replies · 430+ views
    Fort Bend Herald and Texas Coaster ^ | February 26, 2008 | Stephen Palkot
    A handful of Kendleton residents were among several dozen to speak out against the Trans-Texas Corridor at a public hearing Monday night in Rosenberg. “I personally think it's a slap in the face for Texas to take the land for pennies on the dollar, to put a road on it and to make you pay a toll for it,” said Jeremy West, one of the speakers from Kendleton. The Trans-Texas Corridor is a proposal for a network of highways, rail lines and utilities throughout Texas that would be financed by private interests who would seek to profit through tolls and...
  • Taxes or Tolls on the TTC

    02/25/2008 5:18:30 PM PST · by Tolerance Sucks Rocks · 6 replies · 281+ views
    Gather.com ^ | February 25, 2008 | Col. George W.
    One major concern I discussed a few weeks ago regarding the Trans Texas Corridor is where the land will come from. Another concern is where the money will come from. Official government websites for the TTC assure that public-private partnerships will shield the taxpayer from bearing too much of the cost burden, but a careful reading shows the door is definitely open to public funding sources, while at the same time there is no doubt of the intention to charge tolls on the road. Taxpayers already pay for their transportation system through hefty gasoline taxes, vehicle registration fees, and other...
  • TxDOT traveling bumpy road

    02/18/2008 1:33:51 PM PST · by Tolerance Sucks Rocks · 14 replies · 421+ views
    Lubbock Avalanche-Journal (Lubbock Online) ^ | February 18, 2008 | Enrique Rangel
    AUSTIN - When it comes to road improvement and maintenance, by most accounts, the South Plains and Panhandle are fortunate. Despite a $1.1 billion accounting error, the Texas Department of Transportation recently reported no projects in the region have been canceled or delayed while cities like Dallas, Houston and Laredo had at least a half dozen highway projects delayed. But the $1.1 billion-error, which occurred because TxDOT inadvertently counted some bond money twice and consequently allocated more funding than it had, is just the latest problem plaguing the beleaguered agency. For months, TxDOT executive director Amadeo Saenz and other transportation...
  • Proposal in Texas for a Public-Private Toll Road System Raises an Outcry

    02/10/2008 5:13:38 PM PST · by Tolerance Sucks Rocks · 10 replies · 937+ views
    New York Times ^ | February 10, 2008 | Ralph Blumenthal
    ROBSTOWN, Tex. — Leon Little’s farm here near Corpus Christi would not be seized for Texas’s proposed $184-billion-plus superhighway project for 5 or 10 years, if ever. But Mr. Little was alarmed enough to show up Wednesday night with hundreds of his South Texas coastal neighbors to do what the Texas Department of Transportation has been urging: “Go ahead, don’t hold back.” Don’t worry. Texans have gotten the message, swamping hearings and town meetings across the state to grill and often excoriate agency officials about a colossal traffic makeover known as the Trans-Texas Corridor, a public-private partnership unrivaled in the...
  • Fear and loathing along proposed Trans-Texas Corridor

    01/30/2008 3:09:13 PM PST · by Tolerance Sucks Rocks · 11 replies · 300+ views
    Land Line Magazine ^ | January 29, 2008 | David Tanner
    Some Texans are afraid of losing their land to the Trans-Texas Corridor while others loathe the thought of a quarter-mile-wide swath of toll roads and railway lines transforming the countryside into a superhighway. People continue to turn out in droves at public meetings concerning the controversial Trans-Texas Corridor proposal, specifically the portion known as the TTC-69 proposed from Brownsville to Texarkana. A meeting Monday, Jan. 28, at the fairgrounds in Austin County was no exception, drawing more than 1,000 people. Opposition to the proposed corridor has come from people in all walks of life, said Chris Steinbach, chief of staff...
  • Study: Toll roads alone won't pay for U.S. highway needs

    01/15/2008 3:12:07 PM PST · by Tolerance Sucks Rocks · 22 replies · 119+ views
    Dallas Morning News ^ | January 15, 2008 | Michael A. Lindenberger
    More and higher tolls won't be enough to pay for the nation's highway needs, a bipartisan study panel chaired by the U.S. Secretary of Transportation said today in a long-awaited report. Instead, Congress will need to raise the federal gas tax by 25 to 40 cents a gallon over five years, according to the National Surface Transportation Policy and Revenue Study Commission. The 12-member commission is a bipartisan panel formed by Congress in 2005 to rethink the way the nation builds and pays for its highways and transit systems. "There is no free lunch," Jack Schenendorf, vice chairman of the...
  • TxDOT Announces New Members of Leadership Team

    01/07/2008 7:22:38 PM PST · by Tolerance Sucks Rocks · 2 replies · 215+ views
    Reuters ^ | January 7, 2008 | TxDOT
    Saenz expands administration to reflect changing role of agency AUSTIN, Texas, Jan. 7 /PRNewswire-USNewswire/ -- The Texas Department of Transportation today announced selections for the final three members of Executive Director Amadeo Saenz's leadership team. The new Assistant Executive Director for Engineering Operations is John Barton of Beaumont. The newly-formed office of Assistant Executive Director for District Operations will be lead by David Casteel of San Antonio. The newly-formed office of Assistant Executive Director for Innovative Project Development will be lead by Phil Russell of Austin. "John, David and Phil are all outstanding professionals," said Saenz. "All of them understand...
  • Ric Williamson remembered at Weatherford High School

    01/04/2008 3:05:51 PM PST · by Tolerance Sucks Rocks · 5 replies · 187+ views
    Weatherford Democrat ^ | January 3, 2008 | Galen Scott
    At the front of a quiet, dimly-lit auditorium inside Weatherford High School Thursday, Gov. Rick Perry and other friends eulogized the late Ric Williamson. Perry borrowed a quote from author Jonathan Swift to describe Williamson, who, as chairman of the Texas Transportation Commission, was often at the center of controversy. “When a genius comes into the word, you will know him by this sign: that the dunces are all in confederacy against him,” Perry recited. “Jonathan Swift didn’t know Ric Williamson, but he pegged him.” Williamson, 55, was pronounced dead on Sunday after suffering an apparent heart attack while at...
  • Moderate voice needed to steer highway system

    01/03/2008 5:10:53 PM PST · by Tolerance Sucks Rocks · 6 replies · 181+ views
    Austin American-Statesman ^ | January 3, 2008 | Editorial Board
    2007 ended on a sad note for the family and friends of Ric Williamson, the chairman of the Texas Transportation Commission who died Sunday after a heart attack. Given his aggressive and often controversial role in reshaping Texas highway construction, his death leaves the state and Gov. Rick Perry with an important question about how to move forward after Williamson’s memorial service today. Williamson, 55, a successful business owner and former state representative from Weatherford, was appointed to the transportation commission in 2001 by his good friend Perry and was named chairman in 2004. He became a passionate advocate of...
  • Shift may loom in toll road debate

    01/01/2008 6:08:01 AM PST · by Tolerance Sucks Rocks · 17 replies · 225+ views
    Dallas Morning News ^ | January 1, 2008 | Michael A. Lindenberger
    Push for higher gas tax could follow chief's death The death of Ric Williamson, the fiery, whip-smart chairman of the state transportation commission, could upend the still-roiling debate over toll roads in Texas in the new year. Mr. Williamson died Saturday of a heart attack at age 55, sending shock waves through the nearly 15,000-employee department he led as well as the political and policy circles where his combative style and pro-toll-road agenda had engendered enormous change – and criticism. Always careful to credit Gov. Rick Perry, a close friend and former roommate, Mr. Williamson emerged as a lightning rod...