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<p>Overseas investors already own and maintain roadways in America. The Indiana Turnpike is one example, TX 130 is another. They don't control who has access to the roads. They are simply investors.</p> <p>The overseas investors bid on the roadways because they expect to earn a return on their investment, and not because they expect to control access to the roadways. </p> <p>The deals have been attractive because the states don't have to borrow money for the road construction. Frequently, the investors can get money cheaper than the states if there is an arbitrage opportunity. Depending on how the deal is structured, it can be a win/win outcome for both parties.</p> <p>High debt states, by attracting private investors, can keep additional debt off their balance sheets, which reduces their leverage rates and helps their bond ratings. Unlike the federal government, which can print money, all but one of the states is forbidden by their constitution to run a deficit. </p>
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