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Super Corridor stalls in Texas.(Inside Track)(Brief article)
The Texas House, by the lopsided margin of 139 to 1, gave final approval on May 2 to a two-year moratorium on toll-road leases with private groups. The Senate had approved the measure 27-4 a week earlier. If it becomes law, it would temporarily halt ongoing plans to build the Trans Texas Corridor, a massive superhighway project that is part of a plan to build new multi-modal transportation infrastructure to ship cargo into the United States from ports on Mexico's Pacific coast. "There are enough questions out there to tap the brakes and take time to look before we leap into these 50-year contracts that we're signing with private equity companies and tying up our ability to receive ...
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Source: HighBeam Research, Super Corridor stalls in Texas.(Inside Track)(Brief article)