Foreign companies buy U.S. roads, bridges
Posted in H.L. News, Main Blog (All Posts) on July 16th, 2006 7:46 am by HL
Foreign companies buy U.S. roads, bridges .
AP
WASHINGTON – Roads and bridges built by U.S. taxpayers are starting to be sold off, and so far foreign-owned companies are doing the buying.
On a single day in June, an Australian-Spanish partnership paid $3.8 billion to lease the Indiana Toll Road. An Australian company bought a 99-year lease on Virginia’s Pocahontas Parkway, and Texas officials decided to let a Spanish-American partnership build and run a toll road from Austin to Seguin for 50 years.
Few people know that the tolls from the U.S. side of the tunnel between Detroit and Windsor, Canada, go to a subsidiary of an Australian company — which also owns a bridge in Alabama….
Not everyone in Texas buys the idea. Harris County officials recently voted against selling three toll roads. Also, independent gubernatorial candidate Carole Keeton Strayhorn opposes Perry’s toll road plan.
“Texas freeways belong to Texans, not foreign companies,” she said.
H.L.s Take:
Once again America being sold off to the highest bidder. First Bush wanted to let Dubai take over our ports, now states are selling off bridges and highways to foreingers. Part of the reason they have to do this is because they don’t get any more federal aid because Bush has to send that money off to his friends in the arms industry to they can make more weapons to blow up more civilians in Iraq. The whole infrastructure in this country is falling apart because Bush’s only concern is making money on war. Disgusting.