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#21
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I'd like to see a user fee system for car travel. See how that flies.
Jose -- There are two kinds of people in the world. Those that just want to know what button to push, and those that want to know what happens when they push the button. for Email, make the obvious change in the address. |
#22
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On Fri, 18 May 2007 04:04:01 GMT, Jose
wrote in : I'd like to see a user fee system for car travel. See how that flies. Highway privatization is on the rise: http://www.slate.com/id/2138950/ Lost Highway The foolish plan to sell American toll roads to foreign companies. By Daniel Gross Posted Wednesday, March 29, 2006, at 4:56 PM ET For rent: U.S. toll booths If a governor told you there were a way to spread pork, raise funds for infrastructure investment, promote jobs, avoid raising taxes, and put a dent in the trade deficit—all in one fell swoop—you might think he had a bridge to sell you. And you'd be right. Only in this case, it's a toll road. And instead of a sale, how about a long-term lease? ... What's in it for the foreign companies? Huge potential profits. Gigantic, steady profits. Toll roads are an incredible asset class. They're often monopolies. They can support debt, since they provide a recurring guaranteed revenue stream that is likely to rise over time, as more people take to the roads and tolls increase. According to Cintra, the Indiana Toll Road generated $96 million in revenues in 2005, and Cintra expects a 12.5 percent internal rate of return on its investment. The heavy lifting has already been done: The state or federal governments have acquired the land and rights of way, built the roads and maintained them for years, and enacted toll increases. All the private companies have to do is deliver cash upfront, maintain the roads, and collect the windfall. The buyers can also increase their profits by making toll roads run more efficiently with technology. After assuming control of the Chicago Skyway, the Cintra-Macquarie consortium installed electronic toll equipment on some lanes. And by refinancing nimbly, companies can cash out. Last year—just seven months into its 99-year lease—Cintra announced that it had recovered 44 percent of its initial investment in the Chicago road through refinancing. http://www.tollroadsnews.com/node/135 House Committee chairs Oberstar & DeFazio warn states against bad toll concessions Posted Mon, 2007-05-14 21:52 concessions politics James Oberstar and Pete DeFazio (Ob & Faz) chairmen of the House of Representatives transport committee and a subcommittee respectively don't want the states entering into bad toll concessions. The committee chairmen begin a letter they say is going to state governors, legislators, and transportation officials: "We write to strongly discourage you from entering into public-private partnership ("PPP") agreements that are not in the long-term public interest in a safe, integrated national transportation system that can meet the needs of the 21st Century." Proposed arrangements don't adequately protect public interest The letter, says Bush officials "have lauded PPPs at every turn" but the house transport committee "believes that many of the arrangements that have been proposed do not adequately protect the public interest." "Shortsighted and unbalanced PPPs that mortgage our nation's surface transportation structure for generations to come may favor parochial and private interests to the detriment of an improved 21st century national transportation system," they say. http://www.dot.ca.gov/hq/paffairs/about/toll/status.htm |
#23
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Jose wrote:
I'd like to see a user fee system for car travel. See how that flies. Jose We've had that for decades already. It is called a toll road. We have several here in the northeast and more on the way. Also, cities like London are already charging "congestion" fees for driving a car in certain areas of the city at certain times. It is expected to spread to the USA soon. Also, there is a move underway to sell public infrastructure such as roads and bridges to private concerns where these would become toll based. So, it is already happening and is picking up steam. Matt |
#24
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I'd like to see a user fee system for car travel. See how that flies.
Highway privatization is on the rise: http://www.slate.com/id/2138950/ Gee, maybe I ought to get in on this! I say let's get the r.a.p people together and buy the DC Beltway. Jose -- There are two kinds of people in the world. Those that just want to know what button to push, and those that want to know what happens when they push the button. for Email, make the obvious change in the address. |
#25
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![]() "Matt Whiting" wrote in message news ![]() Jose wrote: I'd like to see a user fee system for car travel. See how that flies. We've had that for decades already. It is called a toll road. We have several here in the northeast and more on the way. Also, cities like London are already charging "congestion" fees for driving a car in certain areas of the city at certain times. It is expected to spread to the USA soon. Also, there is a move underway to sell public infrastructure such as roads and bridges to private concerns where these would become toll based. If you criticize it, you're likely to be called a socialist. -c |
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On Fri, 18 May 2007 07:42:53 -0700, "gatt"
wrote in : If you criticize it, you're likely to be called a socialist. If you don't, you're likely to see US infrastructure owned by a Dubai corporation. |
#27
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![]() "Larry Dighera" wrote in message ... On Fri, 18 May 2007 07:42:53 -0700, "gatt" wrote in : If you criticize it, you're likely to be called a socialist. If you don't, you're likely to see US infrastructure owned by a Dubai corporation. I agree. What bothers me about the idea of privately-owned toll roads, bridges, etc is that the emphasis switches from optimum traffic flow to optimum revenue flow. There's not a whole lot of room for competition: IE, Burger King can't build a bridge and exchange right next to McDonald's Bridge and offer a lower price. If there's gridlock, so what? The owner still gets his toll and still wants as much traffic density as possible. Potholes? Too bad. More wrecks, slower traffic... caveat emptor, but what else are you going to do if there's a monopoly on the I-5 bridge between Oregon and Washington? After what Enron did to the west coast and Portland General Electric and its customers, nope. I can't support it. We're still paying jacked-up energy rates to unscrew the damage. -c |
#28
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I agree. What bothers me about the idea of privately-owned toll roads,
bridges, etc is that the emphasis switches from optimum traffic flow to optimum revenue flow. Further, control of traffic flow can easily be used as a weapon. Jose -- There are two kinds of people in the world. Those that just want to know what button to push, and those that want to know what happens when they push the button. for Email, make the obvious change in the address. |
#29
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Jose wrote:
I agree. What bothers me about the idea of privately-owned toll roads, bridges, etc is that the emphasis switches from optimum traffic flow to optimum revenue flow. Further, control of traffic flow can easily be used as a weapon. Jose And a real weapon can be used to remove the control on the traffic flow. |
#30
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And a real weapon can be used to remove the control on the traffic flow.
Well, maybe not. Suppose it's as simple as control over traffic lights (with an EZPass type device to sense cars and extract payment)... the computer system to control them is probably networked and spread out all over Saudi Arabia, and the lights themselves are quite numerous. Take out the lights and you have gridlock. Jose -- There are two kinds of people in the world. Those that just want to know what button to push, and those that want to know what happens when they push the button. for Email, make the obvious change in the address. |
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