Indiana legislators are proposing to privatize a major highway and give a Spanish-Australian partnership a seventy-five year monopoly on collecting tolls on the road.
On one level, the deal just sounds plain financially irresponsible. The state gets $3.85 billion up front, but the partnership is projected to recoup that price in 17 years, then make an additional $21 billion in profits off tolls over the rest of the contract.
