![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
DEBATE * USA - Privatization of the Toll roads
Mexican toll road crumbles, privatization still the talk
USA -Land Line Magazine, by David Tanner/Los Angeles Times -May 1 , 2007: -- Proponents of highway privatization use efficiency as one of their supporting arguments. But try selling that to motorists and truck drivers in Mexico, who pay up to $70 U.S. for a round trip on one formerly private toll road that is filled with potholes... The 163-mile, privately built Sun Highway – Autopista del Sol in Spanish – is a “cavalry of cracks, potholes and risks,” according to a recent Mexican newspaper report... The private road operator walked away from the lease deal prematurely, leaving the government holding a $60 million price tag for repairs... Mexico has spent $14 billion to bail out a number of privatization projects gone awry since the 1990s, the Times reported... “What happened there was an example of what can go wrong,” OOIDA Executive Vice President Todd Spencer said. “It tells me that the price was so high on those roads that people wouldn’t use them and they weren’t maintained.” Spencer said the Mexican toll road debacle is “a classic example of profiteering” while the needs of the public have not been met. “It was a short-sighted, quick-buck motivation from the start,” Spencer said. –
Labels: privatization toll roads
posted by Unknown @ 11:14 AM
0 Comments:
Post a Comment
<< Home