It is hard to believe that OUR government is using OUR money to fund foreign ownership of OUR roads on OUR land and then we’ll have to pay to use those roads (which somehow are not OURS). This kind of hoodwinking is not limited to the North American Union toll road, but is becoming common throughout the country–eg. Chicago Skyway and Indiana Toll Road noted below.
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,” Joyce said.
Truck tolls on Segment 5 and Segment 6 of Highway 130 are contracted to be 50 cents per mile when the road opens. The 50-year contract includes a formula for increases. Tolls for cars will start at 12.5 cents per mile.
…“We know that they’re looking to turn a profit,” he said.
Click here to read some quick facts and figures posted by Cintra about Highway 130.
Click here to read contractual documents on the project posted by the Texas Department of Transportation.
Filed under: Amero Currency, New World Order, North American Union, Politics | Tagged: North American Union, privatization, Cintra, Texas Highway 130, toll roads, super highway
