Tag Archives: Spain-based Cintra

Double Crossed

Many consider Texas the cradle of liberty and a bastion of limited government conservatism. But who lets a State agency abuse taxpayers and deliberately thumb their noses at a state law they know is coming online that was passed by … Continue reading

Posted in News and Analysis, Toll Roads, Transportation Tagged , , , , |

Foreign-owned toll road opens in Dallas

The first foreign-operated toll lanes became fully operational in Dallas over the weekend. Interstate 635, known as the LBJ, opened the first 3-mile stretch of the public-private partnership toll project to the public on Saturday. The expensive price tag won’t hit commuters immediately, since it opened at a big discount for the first six months as drivers get used to the variable pricing. To use the 3.5-miles of phase one, it will cost anywhere from 15 cents up to 95 cents, depending on time of day. However, the regular toll rates will cost between 10 cents PER MILE up to 75 PER MILE in peak hours. Continue reading

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Texas downgrades foreign-owned toll road to junk bond status

Hate to say it, but we told you so.

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Posted in Sovereignty, Taxation, Transportation Tagged , , , , , , , , , , , , , , , , , , , , |

With toll road failures widespread, TxDOT issues state highway fund-backed loan guarantees

State and federal highway dollars are pinched and toll road traffic is taking a hit from a sustained economic downturn and high gas prices, while states are looking for ways to get projects built with limited resources. Bond documents for the $2.6 billion Grand Parkway (State Highway 99) tollway reveal the bonds issued by the Texas Department of Transportation (TxDOT) will be backed by the state highway fund for all but $200 million of the debt, if toll revenues are insufficient.

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