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Wednesday, March 5, 2008
The Spanish Question
One of many arguments floated against the TTC is that Cintra, a Madrid, Spain based company has one of the two two bids to actually develop and build the project. Corridor Watch hosts a fact sheet about the company, which has already been selected as the developer of TTC 35.
Some say foreign developers will give another nation control of our roads; others are merely opposed to giving such an expensive contract to a non-U.S. developer.TxDOT says foreign involvement will speed up the process and will not compromise any safety standards or keep TxDOT from inspecting the work.
The state agency has kept the financial details of the proposals secret, but the agreement would likely include toll rights for 50 years in exchange for building the project for a certain (undisclosed) amount.
What are your thoughts?
