Virginia cites high toll rates in proposed 'buyback' of private toll road

Virginia cites high toll rates in proposed 'buyback' of private toll road
Virginia taxpayers may end up spending millions of dollars to buy back a privately operated toll road. Lawmakers are searching for the means to buy back the 14-mile Dulles Greenway, saying the state can set toll rates lower than the current operator, a consortium owned by Macquarie Infrastructure Group of Australia.

 

because the roads are already paid with fuel tax

they divert the revenue from tolls for other pet projects

its a scam, from the beginning to the end

talking to a toll collector in nyc, said flat out, their money goes to port authority, homeland security, and other things, and virtually NONE of it goes to the roads (ever look at NYC roads?)

o, most importantly, it goes to the investors of the tolls, they were guaranteed a certain profit from the bonds and other things they invested in

and we get to foot the bill

 

[FONT=&quot][FONT=&quot]Feds to supply states withstandards for PPP contracts[/FONT]
Allowing the private sector to dictate the terms of public-private partnershipsincluding toll roads is like allowing a fox to guard the henhouse. The FederalHighway Administration is proposing model language to states on howpublic-private partnerships should be financed, developed and constructed toprotect public interests. OOIDA plans to comment on the proposal.[/FONT]
[FONT=&quot][FONT=&quot]Virginia poised to buy outprivate toll road?[/FONT]
Virginia lawmakers are prepared to take matters into their own hands with tollrates in the Dulles area. A leading Republican from Northern Virginia ispushing to buy the privately owned Dulles Greenway. The intent is to limit tollincreases on the commuter route. Another lawmaker from the same area is behinda separate effort to reduce toll rates on the Dulles Toll Road.[/FONT]

 

o, its cheaper on the government, they dont have to pay for anything, and they get a vig to boot

its the working people and taxpayers that get it up the ............. nostrils