Thread: Spanish firm using loan from U.S. to build segments of Texas

Our economy is in the tubes, jobs being lost by the millions, people losing their houses, gas prices on the rise (as is food) and now this! Let us not forget that the government HAS NO MONEY! The money they have is from US the taxpayer! Did we have a say in this! Hell no!


http://www.landlinemag.com/todays_news/ ... 308-04.htm

Spanish firm using loan from U.S. to build segments of Texas toll road

Officials with the Spanish toll road operator Cintra have announced that the company has secured $430 million in loans from the U.S. government to build and operate two segments of a toll road in central Texas.

Cintra officials announced the company’s financial plan for the $1.36 billion Highway 130 segments on Monday, March 10.

OOIDA Senior Government Affairs Representative Mike Joyce told Land Line that the Association does raise red flags when federal dollars are used to subsidize private investors. Officials with the Owner-Operator Independent Drivers Association are not, however, categorically opposed to a state using future toll revenue to pay off bonds.

“I’m skeptical of any funding schemes that involve the private sector,â€

Originally Posted by ohflyingone

A similar Cintra-Zachry partnership is designing the first leg of the Trans-Texas Corridor, a proposed 4,000-mile network of toll roads and railway lines to increase the flow of freight and people from South Texas to the U.S. heartland.

...and eventually connect to Mexico and Canada to form the NAFTA superhighway!!!