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 private investors, which can bear more risk and thus may develop more innovative solutions; and new sources of tax revenue will be created.


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    Title :

    Infrastructure Innovation — Turning Public Works into Private Ventures


    Contributors:

    Conference:

    First International Symposium on Transportation and Development Innovative Best Practices ; 2008 ; Beijing, China



    Publication date :

    2008-04-04




    Type of media :

    Conference paper


    Type of material :

    Electronic Resource


    Language :

    English




    Infrastructure Innovation-Turning Public Works into Private Ventures

    Butler, S.E. / Transportation & Development Institute (American Society of Civil Engineers); China Academy of Transportation Sciences | British Library Conference Proceedings | 2008


    Public/private ventures in transportation

    American Road and Transportation Builders Association | British Library Conference Proceedings | 1990


    Financial modelling for public/private sector joint ventures

    Gannon, M. J. / Brown, N. C. / Planning and Transport Research and Computation | British Library Conference Proceedings | 1995


    Early private ventures

    ORDAHL, C. / ASKEW, G. | AIAA | 1982


    Public–Private Infrastructure Cooperative

    Kim, Julie | Transportation Research Record | 2014