Public-private partnerships for transportation : a toolkit for legislators.
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2010-10-01
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OCLC Number:729577854
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NTL Classification:NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE ; NTL-PLANNING AND POLICY-PLANNING AND POLICY ;
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Abstract:A variety of factors have negatively affected states’ ability to pay for necessary maintenance of transportation infrastructure and to build new capacity to keep pace with and encourage economic development and job creation. These factors include changing economic conditions, a delayed federal transportation reauthorization bill, the declining value of the fuel tax (due to a number of factors) and a reluctance to increase it, and growing infrastructure needs. In this environment, public-private partnerships (PPPs or P3s) have been increasingly studied and pursued by state policymakers as one alternative method, among others, to procure transportation infrastructure improvements. Such partnerships combine a leveraged mix of public and private dollars to better bridge the gap between transportation needs and the financial resources available to meet those needs.
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