First foreign-owned toll road in Texas downgraded to junk bond status

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At the end of the day, P3s represent public money for private profits and do little to solve urban congestion. Texas is building underutilized tollways using a scurrilous financing mechanism that erodes state sovereignty and impedes freedom to travel. Lawmakers and whoever the new governor will be need to dump P3s and get back to a freely accessible, affordable pay-as-you-go freeway system that serves all Texans equitably.

http://www.examiner.com/article/first-foreign-owned-toll-road-texas-downgraded-to-junk-bond-status

 

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