Virginia Toll Operator’s Losses Flash Red Light For New Toll Lanes
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Maryland should heed the warning.
Recent Streetsblog USA posts about Privatization
How Macquarie Makes Money By Losing Money on Toll Roads
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This is the second post in a three-part series about privately financed highways. Part one introduced the Indiana Toll Road privatization as an example of shoddily structured infrastructure deals. Part three looks at how faulty traffic projections lead bad projects to get built, and how the public ends up paying for those mistakes. Macquarie Group, the gigantic Australian […]
The Indiana Toll Road and the Dark Side of Privately Financed Highways
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This is the first post in a three-part series on the Indiana Toll Road and the use of private finance to build and maintain highways. Part two takes a closer look at how Australian firm Macquarie manages its infrastructure assets. Part three examines the incentives for consultants to exaggerate traffic projections, making terrible boondoggles look like financial […]
Mica Won’t Let His Grudge Against Amtrak Die, Revives Privatization Scheme
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Rep. John Mica (R-FL) no longer chairs the House Transportation Committee, but that doesn’t mean he’s eased up on his crusade against Amtrak. Calling the company a “Soviet style monopoly,” Mica used his afternoon address to the U.S. High Speed Rail Association to announce his plan to revive his despised and defeated measure to privatize […]
What Kind of Leadership Would Bill Shuster Bring to the Transpo Committee?
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This is the first of two posts examining Rep. Bill Shuster’s candidacy for the chairmanship of the House Committee on Transportation and Infrastructure. We’ll post the second one, focused on his positions on bike/ped programs and funding issues, tomorrow. Over the next few weeks, we could see a shake-up on the Transportation and Infrastructure Committee […]
Advocates: Private Transit Giant Lobbied House to Weaken Public Transit
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The threat of service reductions and fare increases always loomed large over the transfer of Long Island Bus service to a private operator. After Nassau County refused to assume its share of costs for the service, international private transit provider Veolia Transport was brought on to take over from the New York MTA at the beginning of the […]