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Public-Private Partnership
Disasters |
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California:
Riverside Freeway State Route 91 Express Lanes
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The
Riverside Freeway State Route 91 Express Lanes is a P3 disaster from
right here in California Because they are so profitable, it is not a
surprise that multi-national companies and Wall Street investment
houses want to bring more such P3s to the "lucrative" California
market.
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The Public Interest Alternative
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Require competitive bidding.
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Require public oversight, design
and inspection to ensure public safety and cost controls.
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Utilize tax exempt public
financing which is as much as 35 percent lower than private
borrowing.
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Tolls should be reinvested in our
transportation and other public infrastructure.
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Prohibit non-compete clauses and
cash payments that prevent improvements to competing public
roads, increasing congestion.
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1 |
The Orange County Register, "OCTA Acts to Relieve 91
Congestion," November 26, 2002. |
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2 |
The
Orange County Register, "New Toll Fees Based on
Traffic," October 24, 1995. |
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