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


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.