Senate unanimous: No private toll roads for at least two years

AUSTIN — The Texas Senate voted unanimously Thursday for a two-year moratorium on private company toll roads —

"You have House clarity. You have Senate clarity," Nichols said. "There's an obvious will by this body to take the time to study private-equity contracts before we lock up many (road) contracts of our transportation system that cannot be corrected until our children and grandchildren are past retirement."

A recent study showed private toll roads could net investors nearly $300 billion over the next 50 years for part of one project.

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