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Obama bill would ease tolling ban

The $478 billion transportation bill that the Obama administration sent to Congress this week is reigniting a debate about increasing the use of tolls to pay for new infrastructure projects. 

For the second year in a row, the administration included language in its infrastructure plan that would lift the ban on states placing tolls on existing highway lanes.

The anti-tolling Alliance for Toll-Free Interstates (ATFI) said Obama’s tolling proposal, part of a larger draft dubbed Grow America Act 2.0, should be a nonstarter with lawmakers. 

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The Great Traffic Projection Swindle

By Streetsblog USA

This is the final piece in a three-part series about privately-financed roads. In the first two parts of this series, we looked at the Indiana Toll Road as an example of the growth in privately financed highways, and how financial firms can turn these assets into profits, even if the road itself is a big money loser. In this piece, we examine the shaky assumptions that toll road investments are based on, and how that is putting the public at risk.

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How Macquarie Makes Money By Losing Money on Toll Roads

By Streetsblog USA

This is the second post in a three-part series about privately financed highways. Part one introduced the Indiana Toll Road privatization as an example of shoddily structured infrastructure deals. Part three looks at how faulty traffic projections lead bad projects to get built, and how the public ends up paying for those mistakes.

Macquarie Group, the gigantic Australian financial services firm with some $400 billion in assets under management, has made a lot of money in the infrastructure privatization game.

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The Indiana Toll Road and the Dark Side of Privately Financed Highways

By Streetsblog USA

This is the first post in a three-part series on the Indiana Toll Road and the use of private finance to build and maintain highways. Part two takes a closer look at how Australian firm Macquarie manages its infrastructure assets. Part three examines the incentives for consultants to exaggerate traffic projections, making terrible boondoggles look like financial winners.

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