Road projects draw private bidders

| 10/25/2007

More and more private investment groups are hoping to get into the business of building or operating the nation’s highways.

In Massachusetts, the Boston Herald reports that nearly 30 private companies have submitted letters expressing interest in taking over toll collections on the Massachusetts Turnpike.

Some of those companies operate other turnpikes that charge higher prices during rush hours and offer high-cost express lanes.

Meanwhile, in Texas, the San Antonio Express News reports that three private groups want to build new toll lanes for U.S. Highway 281 north of the city.

The three groups include 29 U.S. companies involved in construction, engineering or public relations.

Two foreign companies dropped out of the competition.