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Lars77

(3,032 posts)
Fri Oct 12, 2012, 09:34 AM Oct 2012

End of the road for Spanish motorway



http://www.euronews.com/ The AP-41 motorway linking Madrid and Toledo has gone bankrupt as Spanish motorists steer clear of toll-roads to save money.

There are 21 companies running privately-owned roads in the country.

Nine motorway concessions are in serious financial trouble.

Government figures show daily usage of toll roads has plunged by 28 per cent. In the first quarter of this year, the average number of cars using them was on a level last seen 14 years ago.

Central government has already propped up struggling concessions with more than half a billion euros.


_______________________________
Privatization of infrastructure - Genious!



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madrchsod

(58,162 posts)
1. a spanish corp owns the parking meters in chicago
Fri Oct 12, 2012, 09:40 AM
Oct 2012

i think there`s another spainish company that owns the indiana toll road.

spain is in deep ,deep trouble

waddirum

(976 posts)
4. actually the Spanish Corp (Cintra) owns the Chicago Skyway and the Indiana Toll Road
Fri Oct 12, 2012, 11:28 AM
Oct 2012

The company the ultimately owns Chicago's street parking spaces is from Dubai.

They_Live

(3,222 posts)
5. Cintra also owns
Fri Oct 12, 2012, 12:07 PM
Oct 2012

the Toll roads in Texas, which are failing to meet their estimated income (yet more of them continue to be built). I refuse to ever drive on one.

dembotoz

(16,739 posts)
7. what???? free enterprise is not the most wondergful solution for everything everywhere??????????????
Fri Oct 12, 2012, 12:22 PM
Oct 2012

shocked i tell you
shocked

 

DeSwiss

(27,137 posts)
9. The invisible hand.....
Fri Oct 12, 2012, 03:37 PM
Oct 2012

...of free enterprise slaps another stupid idea upside its head!



- So if the government of Spain (we the people) are helping to ''save'' these private toll roads by giving them cash so they can make ends meet, at what point does that make these roads public? I mean it seems now that the people are paying for these ''private roads'' whether they use them or not.

K&R

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