Senator Estes: Put brakes on toll-roads, Trans-Texas Corridor
AUSTIN - Senator Craig Estes (R-Wichita Falls) co-authored Senate Bill 1267 to put a two-year moratorium on privately funded toll roads, including the proposed Trans-Texas Corridor.
"We need to put the brakes on these public-private contracts used to finance new toll-road projects and the Trans-Texas Corridor," said Estes. "There are too many unanswered questions and recent revelations of poor accountability require the legislature to step in."
Senate Bill 1267 imposes a two-year moratorium on privately funded toll road projects by barring any new comprehensive development agreements or toll-project sales to a private entity, and requiring a study committee to examine the impact of these projects.
"I am very concerned that these private contracts lack the accountability and transparency voters demand in the operations of their government, and until we fully understand both the public policy and fiscal impact of these agreements, it is in the interest of the public to stop them before it is too late," said Estes.
The moratorium would only apply to privately funded toll-road projects, and does not halt the construction of a publicly funded toll-road project.
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