Audit Finds Federal Toll Road Oversight Insufficient

Federal regulators are not doing a very good job at overseeing complex toll road projects, according to an audit report released last week. The US Department of Transportation’s inspector general in 2017 opened an investigation of the Federal Highway Administration’s (FHWA) oversight of “public-private partnerships” (P3), the preferred euphemism for selling public roads to private, often foreign, companies that charge tolls. It found evidence that the agency’s lax oversight has put taxpayers at risk by accepting inflated claims of toll project proponents at face value — problems that would have been addressed by adhering to agency guidelines…