From Reuters:

Texas has the nation’s biggest road privatization plan but the legislature, reacting to criticisms that developers were enriching themselves at the expense of taxpayers, enacted a two-year moratorium.

That has crimped road-building projects and led to a series of clashes between the governor and the legislature, who now have agreed on a compromise plan. Developers, including overseas companies, investment banks and private equity funds all vie for such public-private partnerships, which can prove more rewarding than often-volatile equities, for example.

Lt. Gov David Dewhurst, who sets the Senate’s agenda, House Speaker Tom Craddick, and Gov. Rick Perry released this new financing plan in an August 19 letter to Texas Transportation Commission Chairman, Deirdre Delisi.

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