PUBLIC-PRIVATE COOPERATION HELPS STRETCH FED FUNDS

The concept of financing infrastructure via user fees is based on the principle that the cost of capital improvements should be borne by those who benefit most directly from them. This article paints a picture of American infrastructure economics, from federal funding to public-private partnerships to private financing. Traditional government sources of finance are exhausted, leaving state and local agencies to find new financing mechanisms. Federal spending in all areas of infrastructure is declining, with the exception of water transportation and resources, and the federal funds that are available must support a wide range of projects. Observers believe the government should make greater use of private-sector capital and expertise. Several initiatives for coping with fewer federal dollars are discussed, such as State Infrastructure Banks, tax-exempt public-benefit bonds, and elimination of unreasonable federal constraints and impediments. The recently completed Dulles Greenway is highlighted, which is making its debut as the first privately financed new road development project in the United States.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/0149337X
• Corporate Authors:

  Argus Business

  6151 Powers Ferry Road, NW
  Atlanta, GA  United States  30339-2941
• Authors:
  • HUDSON, K
• Publication Date: 1995-10

Language

• English

Media Info

• Features: Photos; Tables;
• Pagination: p. 19
• Serial:
  • American City & County
  • Volume: 110
  • Issue Number: 11
  • Publisher: Penton Media
  • ISSN: 0149-337X

Subject/Index Terms

• TRT Terms: Capital investments; Finance; Government funding; Infrastructure; Private enterprise; Programming (Planning); Public private partnerships; Tolls
• Uncontrolled Terms: Financial sources
• Old TRIS Terms: Financial programming; Toll operations
• Subject Areas: Economics; Finance; Terminals and Facilities; Transportation (General); I10: Economics and Administration;

Filing Info

• Accession Number: 00712749
• Record Type: Publication
• Files: TRIS
• Created Date: Oct 24 1995 12:00AM