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It's b-a-a-ck! Trans-Texas Corridor rises from dead

Jerome R. Corsi

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Plans revived to build public-private partnership toll roads

Editor's Note: The following report is excerpted from Jerome Corsi's Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and senior managing director of the Financial Services Group at Gilford Securities.

Believe it or not, the Trans-Texas Corridor is back, Jerome Corsi's Red Alert reports.

Texas state Rep. Larry Phillips has introduced in the state Legislature H.B. 3789, a bill designed to allow public-private partnerships, better known as PPPs, to develop toll roads throughout Texas.

"The only thing missing is the name 'Trans-Texas Corridor' and the comprehensive development agreement, or CDA, that specifies the private partners involved in building the new generation of Texas toll roads," Corsi wrote.

In all, some 26 bills have been introduced into the Texas Legislature that would sell a wide variety of public infrastructure, including highways, mass transit facilities, hospitals, schools, recreational facilities, public buildings, technology architecture and even parking lots to private corporations in some fashion.

"Texas, like some 40 other states facing budget deficits that could lead to significant cut-backs in public services, has gone the route of 'America for sale' in the enthusiasm to convert freeways into toll roads and government infrastructure into PPP projects that would permit, if not invite, foreign private corporate involvement and ownership," Corsi noted.

But did the Trans-Texas Corridor every really die?

In January 2009, Amadeo Saenz, executive director of the Texas Department of Transportation, or TxDOT, proclaimed to the Dallas News, "Make no mistake: The Trans-Texas Corridor, as we have known it, no longer exists."

Corsi added, "The operative qualifying clause in that proclamation was the phrase 'as we have known it,' given that the Trans-Texas Corridor, or TTC, appears alive and well. Evidence on numerous government and industry alliance websites shows the TTC project is proceeding under the cover of being broken up into two separate projects and rebranded as the I-35 Corridor and the I-69 Corridor."

For more information on plans for a Trans-Texas Corridor, read Jerome Corsi's Red Alert, the premium, online intelligence news source by the WND staff writer, columnist and author of the New York Times No. 1 best-seller, "The Obama Nation."

Red Alert's author, who received a doctorate from Harvard in political science in 1972, is the author of the No. 1 New York Times best-sellers "The Obama Nation" and (with co-author John E. O'Neill) "Unfit for Command." He is also the author of several other books, including "America for Sale," "The Late Great U.S.A." and "Why Israel Can't Wait." In addition to serving as a senior staff reporter for WorldNetDaily, Corsi is a senior managing director in the financial-services group at Gilford Securities.

Disclosure: Gilford Securities, founded in 1979, is a full-service boutique investment firm headquartered in New York City providing an array of financial services to institutional and retail clients, from investment banking and equity research to retirement planning and wealth-management services. The views, opinions, positions or strategies expressed by the author are his alone and do not necessarily reflect Gilford Securities Incorporated's views, opinions, positions or strategies. Gilford Securities Incorporated makes no representations as to accuracy, completeness, currentness, suitability or validity of any information expressed herein and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use.

April 3, 2011