Conceded Point

This article provides the background and basic framework for the concessions that will need to be made in the U.S. due to the dwindling income from fuel tax. The author explains that the country has built an entire network of institutions based upon these taxes, and that many such institutions may need to find alternative sources of revenue to perpetuate themselves. The method proposed here is the increasingly popular public-private partnerships (PPP) used for structures such as roadways. Some such enterprises mentioned are the Chicago Skyway, the Trans-Texas Corridor (still in negotiations), the Indiana Toll Road, and the Pocahontas Parkway in Virginia. Most of these projects are in the form of a long-term lease, which is the predominate method of such transactions. The author emphasizes, however, that this is a new paradigm for road users who have come to expect public funding of such utilities.

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01050389
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: May 29 2007 8:12PM