Friday, November 26, 2010

The State of California and shipping subsidies

If you think the Sate of California subsidizes its foreign imports?  Here the Toll Road News discusses the half billion dollar Calofrinia is spending so shippers can get easy access to Terminal Island LA.  The new bridge shuld be tolled.  California is going to end up paying 7% on that 30 year loan, a commercial operator with a toll guarantee can get it build for cheaper.

Dunno what the LA port authorities are thinking, but the deal will have to be redone, the California legislator is in session with a $25 billion deficit.

I am reminded of the Oakland Airport connector. These transportaton institutions are living in an equilibrium that no longer exists.

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