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Keyword: privateinvestment

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  • Public-Private Partnerships Will Not Save U.S. Infrastructure

    05/23/2017 1:09:11 AM PDT · by Tolerance Sucks Rocks · 14 replies
    StreetsBlog USA ^ | May 17, 2017 | Stephen Miller
    This week, while Donald Trump ensnares himself in the most serious threat to his presidency to date, Congress is, to some extent, continuing with the typical business of government. A series of hearings during “Infrastructure Week” are focusing on the administration’s rumored infrastructure plan.Although the White House has been talking up private infrastructure investment as a replacement for public funding, a panel of experts told Congress that, even with perfectly executed public-private partnerships, the federal government still needs to provide its own support — especially for projects, like transit lines, that aren’t guaranteed to generate toll revenue for profit-seeking investors.This...
  • Flush with highway cash, Texas still looking for toll options

    04/26/2017 5:16:58 AM PDT · by Tolerance Sucks Rocks · 18 replies
    The Houston Chronicle ^ | April 21, 2017 | Dug Begley
    Texas is spending record amounts on transportation, but lawmakers worried it is not enough are considering extending a controversial program thats helped spread tollways through some of the states largest areas. A bill approved this week by a House committee would give the Texas Department of Transportation a chance to add six additional projects, including the widening of Interstate 45 north of I-10 and a long-planned Hempstead Tollway, meant to relieve traffic on U.S. 290 with the potential for a commuter rail corridor. The bill, by state Rep. Larry Phillips, R-Sherman, would also allow TxDOT or regional officials the chance...
  • Democrats bristle at Trump infrastructure plans

    04/16/2017 8:10:17 AM PDT · by Tolerance Sucks Rocks · 19 replies
    ABC 7 News ^ | April 6, 2017 | Joan Lowy (Associated Press)
    WASHINGTON (AP) - Democrats had hoped the one big policy area they could find common ground with President Donald Trump on was infrastructure, but they don't like what they're hearing from administration officials about the transportation portion of the plan that's still in the works. Trump has promised to generate $1 trillion in infrastructure spending over 10 years. With two of his other top campaign pledges in trouble - an effort to repeal and replace the Obama administration health care law has failed so far, and without savings to the government from health care changes there may not be enough...
  • Trump Building Plan: How One Public-Private Deal Hit a Bumpy Road

    04/12/2017 10:10:09 PM PDT · by Tolerance Sucks Rocks · 12 replies
    NBC News ^ | April 5, 2017 | Jane C. Timm
    Texas had high hopes for the southern segments of SH 130, a 41-mile stretch of the high-speed toll road east of San Antonio. The state had put off building that stretch of road until a pair of investors stepped forward and offered what sounded like a great deal: Texas would get a big check for turning the rights to build and operate the toll road over to a private entity, a move that would give the state a new highway and a share of the tolls. The state would own the road and rake in revenue, but wouldn't have to...
  • Trump advisers tax credit plan for infrastructure has risks

    02/13/2017 10:01:44 PM PST · by Tolerance Sucks Rocks · 3 replies
    Business in Savannah ^ | February 7, 2017 | The Associated Press
    WASHINGTON President Donald Trump has promised to revitalize Americas aging roads, bridges, railways and airports, but a plan put forward by his economic advisers relies on a transportation financing scheme that hasnt been tried before and comes with significant risks. The plan was set out just before the election by billionaire leveraged buy-out specialist Wilbur Ross, Trumps pick for commerce secretary, and conservative economics professor Peter Navarro, whom Trump has tapped to head his National Trade Council. They recommended the government allocate $137 billion in tax credits for private investors who underwrite infrastructure projects. Ross and Navarro estimate that...
  • Rick Perry: Drawing the Lines Clearly

    06/25/2011 2:28:50 AM PDT · by Cincinatus' Wife · 84 replies
    American Thinker ^ | June 25, 2011 | Peter Heck
    Rick Perry may just be the guy. The country's longest tenured governor, from its second-largest state, is generating a lot of buzz in conservative circles as he contemplates entering the wide open Republican presidential primary. There are plenty of reasons that Perry is an attractive option: he is a no-nonsense decision-maker with solid conservative credentials. A man who not only speaks about family values, but lives them, Perry's power to persuade voters to see things his way is proven -- battle-tested in a state known for independent-minded citizens. But what serious political analysts on both sides of the aisle will...
  • Whats the best way to modernize our transportation?

    10/27/2010 11:10:25 AM PDT · by Tolerance Sucks Rocks · 25 replies · 1+ views
    The Christian Science Monitor ^ | October 26, 2010 | The Christian Science Monitor
    With a lagging economy, high unemployment, and aging transportation systems, Americans debate the best ways to invest in their infrastructure and stimulate economic activity from high-speed rail and congestion pricing, to cutting pork and tapping private capital. High-speed rail is a big part of the answer During the Great Depression, businesses and governments agreed that transportation modernization was essential to restoring prosperity. The 1930s saw the emergence of the freeway (the first one opening in Los Angeles in 1940) and the airport as important modes of transportation. Together with the National Interstate and Defense Highways Act of 1956, these...
  • Private investors take public profits at Machang Bridge

    09/19/2008 8:00:07 PM PDT · by Tolerance Sucks Rocks · 4 replies · 295+ views
    The Hankyoreh ^ | September 19, 2008 | The Hankyoreh
    There is rising criticism that the Machang Bridge, which opened in July at the cost of millions of won, is only enriching speculative capitalists with tax money. They say that throughout the country, roads built through private investment are becoming white elephants where investors eat tax money via rough traffic predictions and contracts with excessive profit guarantees. The province of South Gyeongsang spent 380 billion won (US$337 million) in budget outlays and 190 million won in private capital to build the Machang Bridge linking Changwon and Masan. For the next 30 years, the earnings from the bridge tolls will be...
  • LETTER: TTC ordeal remains the same

    09/01/2008 9:29:46 AM PDT · by Tolerance Sucks Rocks · 3 replies · 234+ views
    The Lufkin Daily News ^ | August 30, 2008 | Gary L. Smith, Sr.
    In my recent letter to you concerning the TTC, I misquoted some information about the company known as Cintra. Mr. Patrick Rhodes of Cintra wrote in response to my mistake. Therefore, I stand corrected with the following: Fellow citizens, the company, Cintra, is not affiliated with ZAI-ACS. Cintra is partnered with Zachry on some TxDOT projects and ACS is partnered with Zachry on some other TxDOT projects. Therefore, I hope this clarifies the over-zealous statements in my letter. Cintra is a Spanish-owned company, and ACS is a larger Spanish-owned company. Zachry, a Texas company, is affiliated with each of them...
  • Elevated transport rail imagined for city

    08/31/2008 6:03:21 PM PDT · by Tolerance Sucks Rocks · 15 replies · 392+ views
    Arkansas Democrat Gazette, Northwest Arkansas Edition ^ | August 31, 2008 | Brandy S. Chewning (Texarkana Gazette)
    TEXARKANA The company selected to design Interstate 69 has revealed plans to also implement the worlds first air rail freight system in the corridor, possibly starting in Texarkana, Texas. You [Texarkana ] have railroads here, you already have an interstate, bringing I-69 is another interstate, youve got Oklahoma, youve got I-49, said Gary Kuhn, senior project manager for Zachary American Infrastructure. This is what the logistics world likes to see that opportunity to go from one mode to another very efficiently. In a presentation to the Wilbur Smith Rotary Club, Kuhn said the freight shuttle is a new...
  • Texas wants its public funds to invest in roads

    08/22/2008 10:57:25 AM PDT · by Tolerance Sucks Rocks · 20 replies · 221+ views
    Reuters ^ | August 21, 2008 | Reuters
    NEW YORK (Reuters) - Public investment funds based in Texas could invest directly in transportation projects through a new corporation under a plan unveiled on Thursday by the state's legislative leaders and the governor. Texas has the nation's biggest road privatization plan but the legislature, reacting to criticisms that developers were enriching themselves at the expense of taxpayers, enacted a two-year moratorium. That has crimped road-building projects and led to a series of clashes between the governor and the legislature, who now have agreed on a compromise plan. Developers, including overseas companies, investment banks and private equity funds all vie...
  • Feds must green-light changes in I-69 route plan

    06/12/2008 6:19:43 AM PDT · by Tolerance Sucks Rocks · 14 replies · 233+ views
    The Houston Chronicle ^ | June 12, 2008 | Rad Sallee
    State highway officials said Wednesday that the first step in carrying out their decision to build a controversial toll road along the present U.S. 59, and not through farm and ranch land, is to get federal approval. Although no federal funding has been sought for the Interstate 69/Trans-Texas Corridor, the Texas Department of Transportation is bound by federal environmental law. The project has generated thick volumes about its likely impact on the natural environment and the communities in its path. The Final Environmental Impact Statement (FEIS) is expected to undergo public review late this year and then get sent to...
  • Editorial: Now TxDOT must act on its promises

    06/06/2008 5:09:58 AM PDT · by Tolerance Sucks Rocks · 6 replies · 168+ views
    The San Antonio Express-News ^ | June 5, 2008 | The San Antonio Express-News
    The Texas Transportation Commission sounded the right notes last month in its first meeting under new leadership. Deirdre Delisi, recently appointed by Gov. Rick Perry to chair the commission, and her fellow commissioners finally seem to have gotten the message the Texas Department of Transportation has lost the public's trust. For those with short memories, here are a few highlights that explain how that happened: TxDOT fought to keep details of Perry's proposed Trans-Texas Corridor secret. It denied repeated requests from the media and landowners to let the public view a plan that calls for hundreds of miles of...
  • Kolkhorst seeks 'real' reforms to TTC plans

    05/31/2008 9:22:33 PM PDT · by Tolerance Sucks Rocks · 4 replies · 237+ views
    The Huntsville Item ^ | May 31, 2008 | The Huntsville Item
    State Rep. Lois Kolkhorst said it’s time for Texas transportation officials to talk about real reforms to address the public outrage over the proposed Trans-Texas Corridor. The Brenham Republican’s reaction followed Thursday’s actions taken by the Texas Transportation Commission. The panel adopted a set of guiding principals and policies which will govern the development, construction and operation of all toll road projects on the state highway system and the controversial Trans-Texas Corridor. Bob Colwell, Texas Department of Transportation public information officer for the Bryan district, said the adoption of the guidelines does not reflect the final approval of Interstate 69...
  • Diplomacy key for transportation chair

    05/19/2008 7:42:53 AM PDT · by Tolerance Sucks Rocks · 11 replies · 199+ views
    Houston Chronicle ^ | May 18, 2008 | Peggy Fikac
    AUSTIN Deirdre Delisi once aspired to be a diplomat, and Gov. Rick Perry may have finally granted her wish. As head of the Texas Transportation Commission, Perry's former chief of staff will test her diplomatic skills in an emotion-filled arena in which a state senator has already called her a "political hack." In an early sign of her peacemaking potential, the 35-year-old Delisi scheduled one of her first meetings as chair with that senator, Transportation and Homeland Security Committee Chairman John Carona, R-Dallas. "I was left with the impression that she genuinely wants a new and fresh start for...
  • Column - John Kanelis: State faces many rural roadblocks

    05/11/2008 2:38:48 PM PDT · by Tolerance Sucks Rocks · 7 replies · 387+ views
    Amarillo Globe-News ^ | May 11, 2008 | John Kanelis
    Texas Gov. Rick Perry wants to build a big highway through the Lone Star State. No, make that a really big highway, as in a monstrously big highway. The exact route hasn't been determined. The mega-highway would run roughly from Laredo on the Rio Grande River through the Hill Country and the Piney Woods and then through Texarkana in that tiny portion of the state that borders Arkansas. Imagine for a moment if that thoroughfare would be pointed in the other direction - from the Valley, through the South Plains and then through the heart of the Panhandle, right past...
  • 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...