MCKINNEY, Texas — A Spanish
transportation company contracted to build Gov. Rick Perry's
Trans-Texas Corridor won a critical recommendation today to
turn state Highway 121 into a toll road through Collin and
Denton counties.
Officials from the Texas Department of
Transportation plan to recommend
Cintra Concesiones de Infraestructuras de Transporte
as the developer of the toll
road during a Wednesday meeting of the Texas Transportation
Commission.
If the commission approves
the deal, Cintra will pay $2.8 billion to the
Regional Transportation Council, a North Texas
group responsible for transportation planning in the region.
In exchange, Cintra will operate and collect tolls on the
highway for the next 50 years.
Collin County officials
hailed the deal as one solution to its traffic problems.
"At a time when budgets are
stretched thin to meet every transportation need in North
Texas, this project can be a valuable source of income to
help us pay for other projects needed in this county,"
Collin County Commissioner Joe Jaynes said.
But
some state lawmakers are starting to get frustrated with the
state's pursuit of privately financed toll roads and wonder
about the ultimate cost.
Sen. John Carona,
R-Dallas, chairman of the Senate Committee on
Transportation and Homeland Security, said the
Cintra deal includes provisions that bar the state from
building its own roads in the area during the 50-year
contract. That puts the state in a financial bind if it
wants to build roads to help a growing population.
"The advantage is
roads will be built sooner," Carona said. "What you won't
hear about is toll rates will be raised unlike anything we
have seen today."
Senate Finance
Committee Chairman Steve Ogden,
who pushed the 2003 bill that helped
set up the toll road initiative, said he was "asleep or not
smart enough" to recognize potential problems.
"We are giving away a public
asset and don't have much say about it for 50 years," said
Ogden, R-Bryan.
Cintra-Zachry,
a Spanish-American consortium, plans to build the
Trans-Texas Corridor, a state-owned toll road. The
consortium, made up of Spain-based Cintra and San
Antonio-based Zachry Construction, would get to operate the
road and collect tolls.