Rick Perry's Big Ole NAFTA Toll Road

Trans Texas Corridor. It was to be a 4,000 mile network of toll roads 1,200 feet wide (that's FOUR football fields wide - would have bisected whole communities and displaced 1 million people on just the first corridor) and the biggest land grab in TX history forcibly taking 580,000 acres of private Texans' land and handing it over to a foreign company in one of these PPPs for a HALF CENTURY. Texans rebelled and the legislature finally repealed it, but Perry still lists it as one of his many accomplishments.

http://www.texasturf.org/

Original video from: http://www.youtube.com/user/TrickyRicky2010#p/u/33/gFdjRMGeoC8

According to TxDOT documents released in June 2002, "Governor Rick Perry wrote Transportation Commission Chairman John W. Johnson on January 30, 2002 to outline his vision for the Trans Texas Corridor. The governor asked the three-member commission to assemble the Texas Department of Transportation's top talent to create and deliver a Trans Texas Corridor implementation plan in 90 days."[2]

In spite of public complaints--and both the 2006 platforms of the Texas Republican[26] and Democratic[27] parties opposing the plan--Governor Rick Perry continued to support the TTC.[28]

The TTC had the strong support of the Perry-appointed five-member Texas Transportation Commission, which was headed by the governor's close friend and former state legislative colleague, Ric Williamson, until Williamson's sudden death from a heart attack on December 30, 2007. It was also supported by State Representative Mike Krusee of Williamson County, who was the chairman of the House Transportation Committee

To help pay for building the roads and rails, the highways would have been partially financed through private investment.[citation needed] The investors would have then operated the highways as toll roads.[29]

Based on The Cintra-Zachry Preliminary Financial Plan (TTC-35 Development Agreement, Exhibit C) funding the TTC-35 Corridor awarded to Cintra-Zachry showed that 22%(1) of the initial infrastructure costs were shown to be funded with equity provided by Cintra-Zachry. The other 78% was to be provided by bank loans or bonds arranged by Cintra-Zachry. Based on then-current federal regulations these bonds could have been tax-exempt. It was also noted in the financial plan that Cintra-Zachry expected to have 12% return on investment for their equity partners. The 12% return was after taxes, which would have been approximately equivalent to 16% before taxes. The plan called for paying off the bank loans and the bonds prior to retiring the equity as shown in cash flow diagrams of the Preliminary Financial Plan (TTC-35 Development Agreement, Exhibit C). With usual bond financing there is a 3:1 ratio between total fees collected and value of capital infrastructure built. With TTC-35 the ratio was in the order of magnitude of 13:1. So while TTC-35 committed to construct $8 billion in infrastructure Cintra-Zachry expected to collect $114 billion in toll revenues as shown in the preliminary plan. A report by the Texas State Auditor estimated the toll to be collected for TTC-35 to be $104 billion or more, confirming the order of magnitude of tolls collected.

http://en.wikipedia.org/wiki/Trans-Texas_Corridor


http://www.texasturf.org/

http://www.texasturf.org/

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[GordiusKnot]

MONORAIL!

[LordoftheKaty]

Fuck you BILDERBERG NWO GLOBALIST DICK PERRY.

You leave the railroad to me. When I start my railroad, I'll build a highspeed freight and passenger system the capitalist way, not the fraudster way

[Zeldagigafan90210]

shut up Perry, you only want to take more privately owned property. I just better see the government buying a valid house (that WON'T be torn down) of near equal price for those they will steal from. Yes, eminent domain is stealing. the government is STEALING the PRIVATE property of CITIZENS and small businesses. A plan to expand the highways by one lane is better than this.

[Ganseblumchen12]

Rick Perry=Thug

[meyoumovie]

TRAITOR..... This P.O.S. sells Texas land to a foreign Country. Think what damage he would do to America as President.

[WhackTheWax]

what a stooge

[SAVEOURREPUBLIC2]

@TKDMike58 Please stop living in a bubble these politicians are not religious they are fake christian bi sexual bohemian grove bilderberg trash pretending to be religious. By now you should know its a political tactic to use the christian angle to get the cornered scared sheep to follow.

[TKDMike58]

ANOTHER GOP RELIGIOUS NUTJOB....just what America needs.....NOT

[dadhadit]

SOLD TX OUT, RICK PERRYS, TOO THE NWO TIME WILL TELL US MORE , THIS ASSHOLE WANTED TO MANDATED DANGEROUS GARDASIL FOR YOUNG GIRLS. KEEP YOUR HANDS OFF ANY OF MY GIRLS, FREAKIN WOLF PIGGG, LIES MORE LISE. U DAM BUG.

[dadhadit]

NWO CLOWN!