Infrastructure Innovation—Turning Public Works into Private Ventures

The U.S. government allowed the Interstate System to become compromised when it failed for decades to properly adjust for inflation the gasoline excise tax used to fund the system and increasingly diverted federal fuel-tax revenues to purposes other than roads. In addition, during the same time period, increases in the cost of road construction significantly outpaced inflation. Privatization, on the other hand, will bring about a series of benefits: it will provide new, much-needed, private capital; facilities will be built more quickly and more efficiently and operated more cost-effectively; execution and pricing risk will be transferred from the public sector to the private investors, which can bear more risk and thus my develop more innovative solutions; and new sources of tax revenue will be created.

Language

  • English

Media Info

  • Media Type: Print
  • Features: References;
  • Pagination: pp 33-38
  • Monograph Title: Transportation and Development Innovative Best Practices 2008: Proceedings of the First International Symposium

Subject/Index Terms

Filing Info

  • Accession Number: 01105447
  • Record Type: Publication
  • ISBN: 9780784409619
  • Files: TRIS
  • Created Date: Jul 20 2008 6:37PM