More Fuzzy Math .... Out of Control Policy Blog

Despite Recession, Texas Continues Infrastructure Investment Through PPPs
Harris Kenny
December 29, 2010, 3:11pm

Privately financed toll roads have certainly been a controversial issue in Texas (see here, here, here and here.) However in spite of the controversy, officials have been able to apply innovative public-private partnerships (PPPs) to improve the state's infrastructure during the recent economic downturn.

For example, the Texas Department of Transportation (TxDOT) finalized PPPs in 2010 for two express toll lane megaprojects in the Metroplex area. The I-635 managed lanes project is a blockbuster, $4 billion, 52-year concession project that will deliver a technically complex mix of new untolled lanes and managed express toll lanes to a 13-mile stretch of the I-635 corridor in Dallas County. Construction is expected to begin by mid-2011 and open to traffic in late 2016. Motorists will have a choice of either using the managed toll lanes or remaining on the improved and rebuilt free main lanes. The new LBJ highway will feature 8 rebuilt free main lanes, additional shoulders on the outside of the main lanes, continuous frontage roads (two or three lanes wide), and 6 barrier-separated managed toll lanes located between or below all frontage roads. The state is contributing $445 million in public funds, while the concessionaire will bring the remainder of the financing to the table. The project reached commercial close in 2009 and financial close in 2010. Interestingly, the Dallas Police & Fire Pension System is on the investor team, making them the first public pension fund to be direct equity investors in toll road projects in the U.S.

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http://reason.org/blog/show/despite-recession-texas-continues-i

A toll road by any other name is still a toll road.

So they can't outright sell the roads to foreign corporations like they were doing because of the backlash and uproar last session - so they settled for selling half of the road instead.

:shrug:

"so they settled for selling half of the road instead."
Failed your fuzzy math ?? JK


more like this: :evilgrin:

High 5 was 3Billion and they bonded 2.5 billion

Bonded = 83.3% Interest included???
State money portion= 16.6%

Our grandkid are really going to love paying for good hairs toll road in gas etc taxes while they drive to work and pay thier toll fees.

LOL:evilgrin: