Public-private partnerships for transportation : a toolkit for legislators.
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2010-10-01
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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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