The two “competing” bidders to build San Anotnio’s toll starter system are Cintra (Spanish Consortium) and Macquarie (Australian consortium). How are partners billed as competitors? No matter what scenario, Cintra-Macquarie gets the contract and hence control that guarantees a certain level of profit for the next 50+ years. See history of public-private partnerships (or PPPs here) that guarantee anywhere from 12%-19% GUARANTEED annual profit, well above inflation, which means toll rates will be far higher than TxDOT is letting on…
Cintra and Macquarie were partners on Ontario, Canada’s 407 Express Toll Route (ETR).
Cintra and Macquarie are partners in Indiana toll road project!
Cintra and Macquarie are partners in Illinois toll road project!
Cintra and Macquarie are partners in Madrid toll road project!