'Drivin' along in my automobile'

The latest piece of Government tomfoolery has been announced over the week-end.  The Road Network is going to be privatised.  The reason for this is that the Government do not have enough money to upgrade the road network, so they are going to give the roads to the private sector and they can spend money on the roads, and we shall all benefit.  So, wake up and smell the coffee!
The current situation is that drivers of cars and trucks etc. pay the Government a fee, the Vehicle Excise Duty, to use the roads.  You would think that the Government would us all of this to keep the roads in tip-top condition.  That is not the case at all.  Once the Government get their hands on the driver's money, they can do whatever they like with it.  Build hospitals, schools, give it to the banks etc.
So what are they proposing?  The private sector will upgrade the roads, and on the 'new' roads that they build, they can charge tolls, or they can earn 'shadow tolls' where the private company will be paid according to the number of cars that use the new road from the Vehicle Excise Duty 'pot'.  From this money, they have to keep the roads in good order and pay their share holders a dividend.  Another thing that the private company can do, given that it will have a regular income is to borrow money from the banks, which means that another lice of the money that they Government gives them will be paid to the banks as repayments and interest.  So once again we have the transfer of wealth from the poor to the rich, a kind of anti-Robin Hood.
The most obvious solution is to create an organisation that acts 'at arms length' from the Government that will have the responsibility for the roads, and will have income from the Vehicle Excise Duty money that is collected.  This organisation will have strict accounting oversight so that a) it does not run out of money and b) the money that is is given is spent efficiently.  Is that too much to ask?