729577854

National Conference of State Legislatures

NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE ; NTL-PLANNING AND POLICY-PLANNING AND POLICY ;

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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.

US Transportation Collection