Congress has dramatically changed the rules on highway finance in enacting the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA). Reversing 70 years of federal opposition to toll roads, the new law encourages state governments to make use of private capital and direct user payments to increase total investment in our highway system. This report outlines the possibilities for private toll projects in the United States, in the context of the expansive new ISTEA provisions. In order to make use of these provisions, state enabling legislation will usually be necessary.
Road transport has long been, and will be for a long time, the dominant form of transport for freight and passenger movement throughout the world. The...
There has been greater emphasis in recent times on using public-private partnerships (PPPs or P3s) to provide and deliver transportation infrastructur...
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