Saturday 5 March 2016

McCrory administration's "vetting" of toll road company a farce

Cintra's Texas bankruptcy has been coming for years:

North Carolina Governor Pat McCrory defended the state’s vetting of a Spanish company that has been contracted to build and operate toll lanes along I-77. In the wake of the news about the bankruptcy in Texas, McCrory instructed Transportation Secretary Nick Tennyson to “review options to reassess Cintra’s business model and current contract.”

McCrory’s directive on Wednesday comes after years of NCDOT defending its deal with Cintra and, more recently, repeated assurances that the firm has a dependable track record.

Bolding mine. Cintra's track record is far from dependable, as is detailed in this article from 2014:


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