Design-build agreements : a case study review of the included handover requirements.
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2009-04-01
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Abstract:Road infrastructure is a key component of any region’s transportation system. It allows
unprecedented levels of mobility, accessibility, and economic growth. On the other hand, the cost
associated with inadequate road infrastructure can amount to billions of dollars.
In the U.S., the largest revenue source for the funding of transportation infrastructure is the
federal and state fuel taxes. These taxes were conceived in the 1950s as an indirect charge to
recover the costs of vehicle travel on the U.S. highway system. However, this tax has not
increased with the inflation rate and given increasing maintenance and construction costs, and
more fuel efficient vehicles, the vehicle per mile tax has become inadequate. State budget
shortfalls affect the ability to maintain existing facilities properly and may lead to delayed
maintenance which in turn may reduce the lifespan of roads, bridges, ports, and other
infrastructures.
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