Summary of the Federal Highway Administration's Symposium on Overcoming Barriers to Public-Private Partnerships
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Summary of the Federal Highway Administration's Symposium on Overcoming Barriers to Public-Private Partnerships

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Details:

  • Corporate Creators:
    Apogee Research, Inc.
  • Corporate Contributors:
    United States. Federal Highway Administration
  • Subject/TRT Terms:
  • Publication/ Report Number:
    FHWA-PL-94-026
  • Resource Type:
    Other
  • Geographical Coverage:
    United States
  • Corporate Publisher:
    United States. Federal Highway Administration
  • Abstract:
    On December 6, 1993, the Federal Highway Administration held a symposium in Washington, DC, to discuss ways of overcoming barriers to public-private partnerships in highway transportation. The invitation-only seminar was attended by over 75 participants representing both the public and private sectors. It provided an opportunity for a broad range of parties interested in public-private partnerships to discuss experiences that both posed barriers to implementing projects and showing ways of overcoming them. Public-private partnerships offer the possibility for private capital to augment the budgets of the government sector with fresh capital. Innovative financing techniques, such as toll financings or commingling private with public funds, have been encouraged by the increased flexibility offered by the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA). However, these mechanisms remain underutilized by the States because of various institutional legal, and financial barriers.
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