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[quote user="V.Payne"] Is passenger automobile infrastructure a good investment for a private company? The SH130 builder (segment 5&6) in Texas is about to default on bonds in June it issued per Moody's. [/quote] Classification of a bond to non-investment grade does not mean automatic default.  There are portfolios of non-investment grade bonds that do very well.  However, when a bond is rated as non-investment grade, it usually means that the issuer has to correct the underlying revenue streams or restructure the bond issue.   You pick out exceptions and generalize them to the population.  What is the outcome for all private/public infrastructure projects in at least the OECD countries? Whether roads are built by government, private interests, or a combination thereof is not important.  The key issue is whether the users pay for them.  Ideally, the users pay a fair, proportional share. Ideally! In the real world of power politics some users will pay more than their fair share and some will pay less. At the end of the day, however, as discussed in previous posts, American motorists pay for the roads that they use. This is supposedly a forum for passenger trains.  I don't understand your obsession with roads.  I am done with the explosion of this issue beyond reason.
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