Source: P3 Americas

Further details have come to light over the publication of two new bills (SB1267 and HB2772) in Texas proposing a moratorium on the privatization of state toll roads or the sale of existing toll roads to private investors.

The bills also propose that a study group be established and appointed by the Governor, Lt. Governor and Speaker of the House to evaluate the long-term consequences of privatising toll roads.

After it was revealed by BNP Exane, last week, a two-thirds majority of the Senate in the state intends to back the moratorium, it is now understood that a two-thirds majority of members of the House of Representatives, around 100 Representatives, are also backing the bill proposals. With a two-thirds majority in both Houses already pledging their support of the bill, the Senate and the House of Representatives have the power to override any likely veto from the Texan Governor Rick Perry.

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Posted by pichu at March 19, 2007 4:32 PM