Public-private partnerships are likely to be a staple of President Trump’s plans to overhaul America’s infrastructure. These arrangements allow private contractors fund public works, such as roads, and then charge people money to use them, usually through tolls.
The deals often end badly for the public. In Texas, the company that built a toll road from Dallas to Austin went bankrupt in less than a decade, and before it could repay millions in federal loans. In Chicago, a 75-year Morgan Stanley-led lease on the city’s parking meters has cost the city millions.
Read: “Trump’s transition looks an awful lot like crony capitalism” – http://bit.ly/2k5KL7f
Read: “Liberal coders are competing to take out the technology that helped elect Trump” – http://bit.ly/2jRwdZy
Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News
Check out VICE News for more: http://vicenews.com
Follow VICE News here:
More videos from the VICE network: https://www.fb.com/vicevideo