Tag Archives: TTC-35
Texas downgrades foreign-owned toll road to junk bond status
Hate to say it, but we told you so.
Posted in Sovereignty, Taxation, Transportation
Tagged Moody's Investors Service, NAFTA, P3s, Panama Canal expansion, pay-as-you-go, PPPs, public-private partnerships, San Antonio-based Zachry, San Diego South Bay Expressway, SH 130, Spain-based Cintra, Texans Uniting for Reform and Freedom, Texas Department of Transportation, Texas legislature, Texas toll roads, TIFIA loans, Trans-Texas Corridor, TTC, TTC-35, TURF, TxDOT
Texas lawmakers vote to sell-off state roads to private corporations
The Texas House joined the Senate in voting for SB 1730 to hand 20 Texas highways to private corporations in controversial contracts called public-private partnerships (P3s) or comprehensive development agreements (CDAs), despite public opposition.
