Global Corporations Eye The Privatizing Of Highways

As they say, as goes California, so goes the nation. The News Review reports:

It slipped under the public’s radar, but a couple of years ago, Caltrans formed a unique contract that effectively privatized a major Northern California roadway traversed by millions annually. Now, more privatized highway projects might be approved over the next several years as major financial corporations and lobbying groups eye California as a potentially lucrative market for infrastructure, especially highways.

These so-called public-private partnerships, or P3s, are a multibillion-dollar global business. One Swedish corporation has called the United States the “trillion-dollar opportunity” for privatized highways and other public infrastructure.

Critics and union groups, meanwhile, argue that Californians should be wary of privatization of their roads. They remind that the reason California got rid of its P3 laws the first time in 2004 was because of bankruptcies and messy contractual clauses that suggested privatization might not be in the public’s best interest.

Kome Ajise, Caltrans’ program manager for public-private partnerships, says there are at least four major highway projects in California that may soon be transferred over to private companies for finance, construction and operations, likely using availability payments.

10 Comments on "Global Corporations Eye The Privatizing Of Highways"

  1. None of this story can possibly be true.

    Years ago when Ron Paul and other Texans were complaining about the foreign corporation Cintra and the Trans-Texas Corridor, the Eastern Establishment conclusively disproved any and all notions of a privatized highway system.

    This is all conspiracy propaganda and Naomi Klein is just a fabulist.

  2. "Big" Richard Johnson | Nov 24, 2012 at 2:58 pm |

    Because our highways aren’t in enough disrepair.

  3. jimbo jones | Nov 24, 2012 at 9:29 pm |

    Let’s face it, they want to privatize everything and bleed the populations of the world dry. This is central to the neo-liberal/ British Classical Political Economy/ Austrian/ Randian/ “libertarian” ideology. Some underlying questions are: 1) Who should be in charge of creating money? The government you get to elect and which by definition has to serve the population, or private bankers who can do whatever they want? 2) Likewise for other crucial items of infrastructure.

    If people feel that bankers should own and control everything, and that debt-slavery is fine and dandy, then OK, let them continue to boil in the current sovereign-debt neo-liberal farce. And don’t let the bankers stop at privatizing highways! Let them also privatize air, water, and genes.
    Oh wait, they are already doing exactly that.

  4. Anarchy Pony | Nov 24, 2012 at 10:14 pm |

    Libertardianism strikes again.

  5. Sad thing is that it appears that the states have resigned themselves to greater and greater ownership of their assets by private companies.

Comments are closed.