The Mudcat Café TM
Thread #102128   Message #2066878
Posted By: Q (Frank Staplin)
02-Jun-07 - 10:54 PM
Thread Name: BS: Texas Governor & Bilderberg Group
Subject: RE: BS: Texas Governor & Bilderberg Group
Toll roads are being privatized as the states get out of the business of funding maintenance and repair.
A recent example concerns the Indiana Toll Road, the lease concession of which was awarded to ITR Concession Company for a bid of $3.8 billion. ITR Concession Company is an even partnership between Cintra of Spain and Macquarie of Australia. The lease agreement was concluded Apr. 12, 2006 and ITR assumed operational responsibility June 29, 2006.
LLC(ITR) controls leases on toll roads in Spain and, I believe, Italy and elsewhere in Europe.
http://www.fhwa.dot.gov/ppp/indiana_tollway.htm
Indiana Toll Road

The state of Texas, among others, is considering concessionaire proposals from major international suitors.

Like ports and other facilities, large capital management companies operating on a global scale are more and more assuming responsibility for roads, ports, shipping, banks, stock exchanges, etc. Sale concessions on some U. S. ports to a Dubai management firm were recently dfeated, but undoubtedly will surface again.

This is all part of the increasing globalization of facilities, which is proceeding rapidly.

Stock exchanges are following the same pattern. The Babcock family, who control the New York Stock Exchange, are considering either merger or sale to one of several suitors, two of which are based in Europe. Incidentally Babcock and Brown were unsuccessful bidders for the Indiana Toll Road, bidding $2.84 billion.

Banks also are involved; the cash-rich Royal Bank of Scotland is actively seeking to buy various large European bank chains. HSBC (Hongkong), a large operator in the United States and Canada, is expected to get into the chase very soon.

Discussion of Bilderberg is so 20 years ago. It is merely a planning group. The creative activity has passed to the large multinational bank and capital management concerns.