P-P-P-Promise: As the Need for Additional Funding Grows, States Weigh Benefits of Public-Private Partnerships

Public-private partnerships are being considered as an alternative to conventional funding mechanisms as gas tax revenues and the Highway Trust Fund fail to grow fast enough to keep pace with transportation spending needs. This article examines some recent projects, known as "P3 deals" that have been undertaken since the Federal Highway Administration (FHWA) opened a new regulatory avenue for them in October 2004. Two projects in Texas, approved under SEP-15, a pilot program begun by the FHWA, are described. The political stand-off between governors who see P3 deals was a way to generate revenue and congressional leaders who criticize them for their potential for price-gouging and monopolistic practices is detailed. More recent deals including an Indiana lease with a consortium that will operate the Indiana toll road are described.

Language

  • English

Media Info

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Filing Info

  • Accession Number: 01077065
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: Sep 5 2007 12:31PM