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Laredo council directs staff to draft MOU with Green Corridors for southbound toll authority
Summary
The Laredo City Council voted to instruct city management to draft a memorandum of understanding with Green Corridors LLC that would make the city the toll authority for southbound crossings at a proposed new bridge; company representatives said the private project has received a presidential permit and will create local jobs.
The Laredo City Council on Monday directed city management to draft a memorandum of understanding with Green Corridors LLC that would have the city act as the toll authority for southbound crossings at a proposed private bridge into Mexico.
Mayor Victor D. Trevino said the administration is seeking a formal agreement after what he described as federal approval of the project. "This project ... received a presidential permit," Trevino said during council discussion, citing recent contacts with the White House and federal officials. He moved to instruct management to prepare a formalized agreement and bring it back to council for approval.
Why it matters: The mayor and proponents said the…
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