USE OF PRIVATE FUNDS FOR HIGHWAY IMPROVEMENTS. FINAL REPORT

This report examines existing uses of private funds for highway improvements, assesses alternative mechanisms for obtaining private financing, and provides recommendations for ways the public and private sector can increase the use of this important form of public-private cooperation for constructing needed highway facilities. The study focuses primarily on participation by developers in funding improvements on facilities impacted by their developments. Seven case study projects provide detailed information on the ways private funds have been or are being used to finance highway improvements. Private funding for small-scale highway improvements is commonplace, but recently the private sector has begun to fund such major improvements as new interchanges, widening a few miles of arterial streets, and construction of new arterials. A variety of mechanisms exists for local governments to obtain private funding, ranging from zoning approval to special ordinances which require specific improvements to be made based upon the traffic generated by a development. Developers also make improvements voluntarily, recognizing the importance of accessibility to the success of a development. Constraints for the increased use of private funds exists at various levels of government and within the private sector. The report examines the significance of the constraints and presents recommendations on ways to increase the use of private funds.

• Corporate Authors:

  Kimley-Horn and Associates, Incorporated

  901 Jones Franklin Road
  Raleigh, NC  United States  27606

  Federal Highway Administration

  Office of Highway Planning, 1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Meisner, L J
• Publication Date: 1984-1

Media Info

• Features: Appendices; Figures; Photos; Tables;
• Pagination: 215 p.

Subject/Index Terms

• TRT Terms: Accessibility; Alternatives analysis; Arterial highways; Case studies; Finance; Financing; Governments; Highways; Improvements; Local government; Pavement widening; Private enterprise; Road construction; Zoning
• Uncontrolled Terms: Widening
• Subject Areas: Administration and Management; Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 00453651
• Record Type: Publication
• Report/Paper Numbers: FHWA/PL/83/017
• Contract Numbers: DTFH61-82-C-00033
• Files: TRIS, USDOT
• Created Date: May 31 1986 12:00AM