Hey......we paid for that......WE, THE PEOPLE...with our taxdollars.....

[Waya]

.......didn't we?


America's infrastructure fire sale

The Chicago Skyway Bridge is a 7.8-mile toll road built in 1958 to connect the Dan Ryan Expressway to the Indiana Tollway. In 2004, the facility was leased for 99 years, for a one-time payment of $1.83 billion, to the Skyway Concession Company, LLC, owned by Cintra Concesiones de Infraestructuras de Transporte S.A., and Macquarie Infrastructure Group. This same consortium won a 75-year lease for the 157-mile Indiana Tollway for $3.85 billion.

Cintra is a Spanish company that has 21 similar highway projects in six countries. Macquarie Infrastructure Group is a wholly owned subsidiary of Macquarie Bank, an Australian corporation with assets in excess of $100 billion.

Cintra has also formed a consortium with Zachry Construction Company in San Antonio, Texas.

More at link:

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=51688

[spindrifter]

1. Look where this seems to have begun:

In December 2004, the Texas Transportation Commission selected this consortium to develop the Trans-Texas Corridor. The proposal included a bid of $1.2 billion to build and operate the first segment of this facility as a toll road. Zachry Construction Company has invested heavily in political campaigns of key Texas officials.

http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=51688

++++

This seems awfully peculiar. Many states are trying to get out from under their national security obligation (my words) to maintain critical infrastructures. And they are not simply limiting themselves to outsourcing transportation infrastructures.

Is this another reason why Ch*ney-monster has pulled a lot of his investments out of U.S. stocks and gone to foreign investment?