When Outsourcing Public Services to Private Companies Goes Wrong

http://truth-out.org/news/item/20546-when-outsourcing-public-services-to-private-companies-goes-wrong

The Australian company Transurban recently teamed up with a construction firm to build new express toll lanes in a congested part of the Washington, DC-area beltway. Under a 40-year contract with Virginia, the state must reimburse the private companies up to 70 percent of toll revenues lost when the number of carpoolers in the express lanes exceeds 24 percent of the total traffic, making taxpayers foot the bill when carpooling cuts into contractor revenues.

Sent by gReader Pro

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s