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The Road to Renewal : Private Investment in the U.S. Transportation Infastructure
- Author / Creator
- Available as
- Online
- Summary
-
In The Road to Renewal, R. Richard Geddes surveys the current state of U.S. ground transportation and finds that, like the roads themselves, transportation policy is in desperate need of repair. A ...
In The Road to Renewal, R. Richard Geddes surveys the current state of U.S. ground transportation and finds that, like the roads themselves, transportation policy is in desperate need of repair. A shift toward increased use of public-private partnerships (PPPs)-contractual agreements that allow private participation in the design, construction, operation, and delivery of transportation facilities-could significantly improve the quality of U.S. roadways.
Details
- Format
- Books
- Language
- English
- Publication
-
- 1st ed
- Washington, DC : AEI Press, 2011
- ©2010
- Physical Details
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- 1 online resource (135 pages)
- ISBNs
- 0844743461, 9780844743486, 1283029391, 9786613029393, 084474347X, 0844743488, 9780844743462
- OCLC
- ocn707078739
- Intro -- List of Illustrations -- Acknowledgments -- Preface -- Introduction -- 1 Three Critical Transportation Policy Reforms -- The Problem with Fuel Taxes -- A Better Strategy: Fee for Road Use -- Congestion Pricing: Paying According to Cost -- Private Investment in Transportation Infrastructure -- 2 Basics of Public-Private Partnerships -- PPP Terminology -- Types of PPP Contracts -- Transportation PPPs in the United States -- 3 Compared to What? Why Private Investor Participation Is Needed -- Governance under Bureaucratic Administration -- Private Investment Improves Governance -- The Governance Experience in Public Toll Authorities -- 4 Benefits of PPPs: Competition, Management, and Project Delivery -- PPPs Create Competition in Facility Management -- PPPs Accelerate Project Delivery -- PPPs Improve Incentives to Contain Costs and Efficiently Utilize Road Capacity -- PPPs Improve Incentives to Enhance Safety -- PPPs Provide Incentives and Resources to Adopt Emerging Technologies -- PPPs Improve Public Control over Assets -- 5 Benefits of PPPs: Investment, Risk Transfer, and the Rationalization of Investment -- PPPs Introduce New Classes of Investors -- Global Investment in U.S. Transportation Infrastructure -- PPPs Offer Investors New Options -- PPPs Transfer Risk from Taxpayers to Professional Risk Bearers -- Private Participation Reveals the True Cost of Capital -- PPPs Rationalize Transportation Investment -- Public Policies to Encourage Infrastructure Investment -- Conclusion -- 6 The Benefits of Brownfield Public-Private Partnerships -- PPP Benefits Created by Brownfield Concessions -- Brownfield Leases Unlock Latent Value for Facility Citizen-Owners -- Intergenerational Equity and Brownfield PPPs -- 7 The Benefits of Private Investor Participation Demonstrated -- Empirical Evidence on the Effects of Private Participation
- Performance of Transportation Public-Private Partnerships Abroad -- 8 Public-Private Partnerships in the Public Interest -- Managing the PPP Process -- Addressing Potential Market Power -- Additional Contracting Issues -- Ex Post Opportunism -- Summary and Conclusions -- Notes -- About the Author