PUBLIC AND PRIVATE PARTNERSHIPS FOR FINANCING HIGHWAY IMPROVEMENTS

This report presents the results of a study of public/private financing mechanisms for funding highway improvements. The study results include a summary of potential funding mechanisms, their advantages and disadvantages, and examples of their use; a summary of legal issues involved in public/private financing; proposed state enabling legislation and local ordinances that can be used to facilitate public/private funding; and guidelines for implementing public/private highway funding at the state and local levels. Detailed reports on five case studies are also included in the Appendix to this report. Three financing mechanisms are highlighted as particularly promising: special assessment districts, impact fees, and development agreements. The proposed legislation and implementation guidelines deal primarily with these three mechanisms.

• Record URL:
  http://onlinepubs.trb.org/Onlinepubs/nchrp/nchrp_rpt_307.pdf
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0309046041
• Supplemental Notes:
  • Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Meisner, L J
  • Merrill, W W
  • Connelly, S
  • Snyder, T P
• Publication Date: 1988-6

Media Info

• Media Type: Digital/other
• Features: Appendices; References; Tables;
• Pagination: 89 p.
• Serial:
  • NCHRP Report
  • Issue Number: 307
  • Publisher: Transportation Research Board
  • ISSN: 0077-5614

Subject/Index Terms

• TRT Terms: Case studies; Financing; Governments; Guidelines; Highways; Implementation; Improvements; Legal factors; Legislation; Local government; Machines; Partnerships; Private enterprise; State government
• Old TRIS Terms: Mechanisms
• Subject Areas: Finance; Highways; Law; Research; I10: Economics and Administration;

Filing Info

• Accession Number: 00476045
• Record Type: Publication
• ISBN: 0-309-04604-1
• Files: TRIS, TRB, ATRI
• Created Date: Sep 30 1988 12:00AM