Texas: from Bad to Worse on Tolling and P3s: by Robert W. Poole, Jr.,

In its 2017 session, the Texas legislature enacted new laws aimed at curtailing the use of tolling and P3s. First, they declined to approve any of the 18 projects proposed by Texas DOT as P3s—in effect, a two-year moratorium (since the legislature meets only in odd years). Second, they prohibited TxDOT from investing any state equity in P3 projects, allowing it only to make loans to concessionaires (which, of course, would make financing more difficult). This was in addition to promises from Gov. Greg Abbott that new monies approved by voters in 2015 (Propositions 1 and 7) and that none of that funding would be used for tolled projects.

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About Bill Reinhardt

Editor of Public Works Financing newsletter
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