Monday, October 17, 2005

Tunnel visions



States 'lured' into tollways fail on rail, water

Ports, railways and water systems have been starved of funds because State Governments have been lured into dubious private sector toll-road deals that often swallow hundreds of millions of dollars in taxpayer subsidies.

Leading economists and transport consultants said pressure from private investors for toll-road projects, which proved enormously profitable, had skewed national investment in infrastructure.

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