Private Road to Sustainable Mobility?

This paper examined possibilities for harmonizing the objectives of two metropolitan transportation infrastructure policy trends: sustainability and privatization. The paper linked these trends through the theory of fiscal federalism, hypothesizing that metropolitan highway public–private partnerships (PPPs) can reinforce sustainability if supported by a fiscal federalist institutional environment. Case studies from seven countries revealed a primary challenge for metropolitan highway PPPs: balancing objectives for market efficiency at the project level with sustainability concerns at the metropolitan level, especially network spillovers and social equity. Ultimately, the analytical approach inhibited discerning whether fiscal federalism was the cause or result of a "good" project. A project’s physical form apparently mattered in reconciling market and sustainability objectives.

• Record URL:
  • https://doi.org/10.3141/2450-03
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9780309295383
• Authors:
  • Zegras, Christopher
  • Grillo, Christopher
• Publication Date: 2014

Language

• English

Media Info

• Media Type: Print
• Features: References; Tables;
• Pagination: pp 17–25
• Monograph Title: Revenue, Finance, Pricing, and Economics
• Serial:
  • Transportation Research Record: Journal of the Transportation Research Board
  • Issue Number: 2450
  • Publisher: Transportation Research Board
  • ISSN: 0361-1981

Subject/Index Terms

• TRT Terms: Case studies; Highway transportation; Infrastructure; Mobility; Privatization; Public private partnerships; Sustainable transportation; Transportation policy
• Uncontrolled Terms: Federalism
• Subject Areas: Administration and Management; Economics; Finance; Highways; Planning and Forecasting; Policy; I10: Economics and Administration; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01519846
• Record Type: Publication
• ISBN: 9780309295383
• Report/Paper Numbers: 14-3575
• Files: TRIS, TRB, ATRI
• Created Date: Mar 26 2014 10:11AM