America’s Transportation Infrastructure: Unleashing the Power of Private Capital

In this article (Paragraph No. 4081) the deregulation of trucking, freight rail, and airline sectors has produced enormous welfare benefits for U.S. consumers. Unfortunately, there has not been the same level of innovation in the infrastructure on which these modes depend. Now, more than ever, there is a need to re-examine America’s long reliance on public infrastructure monopolies. The urgency of the re-examination is a function of the surging demand for transportation services across all modes, and a global economy in which businesses are ever more reliant on logistics to meet their cost-reduction targets. Global trade now accounts for nearly a third of the Nation’s GDP, with goods coming in from Asia at a particularly breathtaking pace. Even more important is that transportation today is embedded in the global economy in a new, fundamental, and irreversible way. Transportation isn’t merely a service to manufacturers; it is an essential part of the manufacturing process. It isn’t merely a service to retailing; it is an intrinsic element in the inventory process. Bottlenecks in the supply chain, if left unaddressed, therefore will have far more serious economic consequences than ever before. The article examines the investment banking community’s growing interest in financing transportation infrastructure. It argues—consistent with the Bush Administration’s proposals for surface transportation reauthorization—that U.S. law and policy must be revised to accommodate that interest more effectively.

  • Corporate Authors:

    International Aviation Law Institute

    DePaul University College of Law, 25 E Jackson Boulevard
    Chicago, IL  United States  60604
  • Authors:
    • Shane, Jeffrey N
  • Publication Date: 2008

Language

  • English

Media Info

  • Media Type: Print
  • Edition: Transfer Binder 2: 2004-2008
  • Features: References;
  • Pagination: pp 4101-4109
  • Monograph Title: Issues in Aviation Law and Policy

Subject/Index Terms

Filing Info

  • Accession Number: 01141825
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Oct 5 2009 12:02PM