Warranty loophole costs millions, Koch Industries subsidiary benefits
The 118-mile stretch of U.S. 550 to the Four Corners could be the most pampered roadway in New Mexico.
That shouldn’t come as much of a surprise, because more than a decade ago the state shelled out $62 million for a controversial 20-year warranty on the $323 million reconstruction and widening of the highway between San Ysidro, northwest of Albuquerque, and Bloomfield.
The first of its kind warranty in the country was aimed at protecting the public from maintenance and repair costs on the road for two decades.
But the Journal has learned of a costly loophole in the warranty coverage guaranteed by the private contractor, a subsidiary of the Kansas-based billion-dollar private corporation, Koch Industries Inc.
More at http://www.abqjournal.com/main/2013/04/07/news/warranty-loophole-costs-millions.html .