M50 congestion just another symptom of privatisation
Sinn Féin spokesperson on the Environment, Heritage and Local Government Arthur Morgan has said, "The record profits announced by National Toll Roads (NTR) for the fist half of this year combined with the ongoing congestion problems on the M50 illustrates the lunacy of Public Private Partnerships.
Deputy Morgan said, "The Government is coming under increased pressure to deal with the congestion problems on the M50. The reality is that a private company is making huge profits from a public private partnership (PPP) contract that was negotiated by a number of people who have since been before the Flood/Mahon Tribunal. National Toll Roads today announced a 40% increase in operating profits for the first half of the year. Public Private Partnerships allow parasitic private companies to make huge profits and end up costing the state and the tax-payer more in end.
"The congestion on the ring road around the capital city is undoubtedly affecting the competitiveness of the region. The irrationality of putting tolling boots on a ring road around the capital city was obvious to most people from the start but the profit motive that results from the PPP arrangement demanded their imposition.
"The record profits announced by National Toll Roads (NTR) for the fist half of this year combined with the ongoing congestion problems on the M50 illustrates the lunacy of Public Private Partnerships. There needs to be an end to the use of PPPs in road construction. Much more needs to be done to develop a strategy to reduce traffic congestion primarily by investing more in public transport and tackling the unsustainable commuter culture that has been allowed to flourish in this state. The Government should buy out the NTR West Link contract." ENDS