Report reveals private equity toll roads a bad deal for taxpayers
Public private partnerships are one thing both liberal and conservatives can agree on - they're a BAD deal for taxpayers.
Report Examines Equity In Toll Road Deals
Policy paper from the Center for American Progress addresses misconceptions about the way toll roads are financed.
August 12, 2016
States have increasingly turned to tolling as a solution to heir funding and infrastructure problems. Private tolling companies end up with very little skin of their own in the game when making deals to take over roads, according to a report released Wednesday by the Center for American Progress, a liberal think tank. The group reviewed the US Department of Transportation's Transportation Infrastructure Finance and Innovation Act (TIFIA) federal loan program and found that the two dozen toll road projects it financed with taxpayer dollars had an average value of $1.3 billion, but the average equity investment was just $183 million, or 14 percent.