Texas Toll Road Takeover to Cost Taxpayers at Least $1.7 Billion
Traffic in Houston, Texas.
Photographer: Callaghan O'Hare/BloombergThis article is for subscribers only.
Texas’ plan to terminate a 52-year toll-road concession and restore state control will cost taxpayers at least $1.7 billion.
The state Transportation Commission voted unanimously last week to begin the process of ending the contract held by Actividades de Construccion y Servicios SA. At the time, officials didn’t provide an estimated price tag for taking control of toll lanes along a 10-mile stretch of SH-288 between downtown Houston and fast-growing suburbs.