Download or read book Private sector Involvement and Toll Road Financing in the Provision of Highways written by National Research Council (U.S.). Transportation Research Board and published by Transportation Research Board National Research. This book was released on 1987 with total page 618 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private sector Involvement and Toll Road Financing in the Provision of Highways written by Transportation Research Board and published by . This book was released on 1987 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Highways and Transit written by United States. General Accounting Office and published by . This book was released on 2004 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Highways and Transit written by and published by . This book was released on 2004 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public private Partnerships written by Leslie R. Kellerman and published by Nova Science Publishers. This book was released on 2009 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growing demands on the transportation system and constraints on public resources have led to calls for more private sector involvement in the provision of highway and transit infrastructure through what are known as "public-private partnerships" (PPPs). A PPP, broadly defined, is any arrangement whereby the private sector assumes more responsibility than is traditional for infrastructure planning, financing, design, construction, operation, and maintenance. This book describes the wide variety of public-private partnerships in highways and transit, but focuses on the two types of highway PPPs that are generating the most debate: the leasing by the public sector to the private sector of existing infrastructure; and the building, leasing, and owning of new infrastructure by private entities. PPP proponents argue that, in addition to being the best hope for injecting additional resources into the surface freight and passenger transportation systems for upkeep and expansion, private sector involvement potentially reduces costs, project delivery time, and public sector risk, and may also improve project selection and project quality. Detractors, on the other hand, argue that the potential for PPPs is limited, and that, unless carefully regulated, PPPs will disrupt the operation of the surface transportation network, increase driving and other costs for the travelling public, and subvert the public planning process. Some of the specific issues raised in highway operation and costs include the effects of PPPs on trucking, low-income households, and traffic diversion. Issues raised in transportation planning include non-compete provisions in PPP agreements, unsolicited proposals, lease duration, and foreign control of transportation assets. On the question of new resources, the evidence suggests that there is significant private funding available for investment in surface transportation infrastructure, but that it is unlikely to amount to more than 10% of the ongoing needs of highways over the next 20 years or so, if that, and probably a much smaller share of transit needs. With competing demands for public funds, there is also a concern that private funding will substitute for public resources with no net gain in transportation infrastructure. The effect of PPPs on the planning and operation of the transportation system is a more open question because of the numerous forms they can take, and because they are dependent on the detailed agreements negotiated between the public and private partners. For this reason, some have suggested that the federal government needs to more systematically identify and evaluate the public interest, particularly the national public interest, in projects that employ a PPP. Three broad policy options Congress might consider in how to deal with PPPs in federal transportation programs and regulations are discussed in this book. The first option is to continue with the current policy of incremental changes and experimentation in program incentives and regulation. Second is to actively encourage PPPs with program incentives, but with relatively tight regulatory controls. Third is to aggressively encourage the use of PPPs through program incentives and limited, if any, regulation.
Download or read book Highway Public Private Partnerships written by JayEtta Z. Hecker and published by DIANE Publishing. This book was released on 2009-03 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The private sector is increasingly involved in financing and operating highway facilities under long-term concession agreements. In some cases, this involves new facilities; in other cases, firms operate and maintain an existing facility for a period of time in exchange for an up-front payment to the public sector and the right to collect tolls over the term of the agreement. In Feb. 2008 there was a report on: (1) the benefits, costs, and trade-offs of highway public-private partnerships (HPPP); (2) how public officials have identified and acted to protect the public interest in these arrangements; and (3) the fed. role in HPPP and potential changes in this role. This Congressional testimony on this report highlights a discussion of tax issues. Includes recomm.
Download or read book Guidance for State Implementation of ISTEA Toll Provisions in Creating Public private Partnerships written by and published by . This book was released on 1993 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Funding for Roads written by Laurence J. Meisner and published by . This book was released on 1990 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The death of public funds for new highways has forced local governments to pursue private funding for road construction. This report defines and discusses four popular financing mechanisms: development agreements, traffic impact fees, special assessment districts, and private-sector initatives such as toll roads. For each financing method, it addresses issues of legality, implementation, and administration and looks at possible pros and cons. Includes appendices that outline sample acts and ordinces for impact fees and development agreements.
Download or read book Toll Financing and Private Sector Involvement in Road Infrastructure Development written by Organisation for Economic Co-operation and Development and published by Organisation for Economic Co-operation and Development ; Washington, D.C. : OECD Publications and Information Centre. This book was released on 1987 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exploring Key Issues in Public private Partnerships for Highway Development written by and published by . This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Long and Winding Path to Private Financing and Regulation of Toll Roads written by Antonio Estache and published by . This book was released on 2016 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide to the issues at stake when toll roads are privatized answers many questions that privatization teams and regulators should be asking-providing useful information to project specialists, many of whom are now learning how much they did not know when they started. Road transport has long been the dominant form of transport for freight and passenger movement throughout the world. Because most road projects require investments with long amortization periods and because many projects do not generate enough demand to become self-financing through some type of user fee or toll, the road sector remains in the hands of the public sector to a much greater extent than other transport activities. But governments throughout the world, including those of many poor African and South Asian countries, are commercializing their operations to cut costs, improve user orientation, and increase sector-specific revenue.There seems to be demand for toll roads in specific settings, but the problems met by many of this first generation of road concessions - from Mexico to Thailand - have given toll projects a bad reputation. Many mistakes were made, and tolling is obviously not the best solution for every road. Most of the alternatives aim at improving efficiency (lowering costs). But there are many ways of getting the private sector involved in toll roads, thus reducing public sector financing requirements for the sector. Understanding the context in which toll roads are viable is essential both for their initial success and for effective long-run regulation. Estache, Romero, and Strong provide a broad overview of issues at stake from the viewpoint of both privatization teams and regulators responsible for supervising contractual commitments of private operators and the government, to each other and to users.This paper - a product of Governance, Regulation, and Finance, World Bank Institute - is part of a larger effort in the institute to increase understanding of infrastructure regulation.
Download or read book Public private partnerships written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Highways and Transit and published by . This book was released on 2007 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exploring Key Issues in Public private Partnerships for Highway Development written by and published by . This book was released on 1992 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report summarizes a Federal Highway Administration (FHWA) seminar on key issues in public-private partnerships for highway transportation. The seminar provided an opportunity for participants representing a wide range of disciplines and interest groups to discuss a variety of policy issues related to public-private partnerships. These issues ranged from ideas for making partnership projects easier to develop to allowing new forms of partnerships to happen. The seminar raised a number of issues about the possibilities and problems of public-private partnerships and showed that much remains to be learned about the consequences of applying privatization principals to transportation. The report is organized as follows: Foreward and Opening Remarks of Stephen C. Lockwood, Associate Administrator for Policy, FHWA; Overview; Case Studies: California and Virginia; Panel on Public-Sector Perspectives of Public-Private Partnerships; Panel on Private-Sector Perspectives on Public-Private Partnerships; Reflections on the Seminar Proceedings; Appendix A: Seminar Participants; Appendix B: Seminar Agenda; and Appendix C: Toll Road Provisions of the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA).
Download or read book Public and Private Roles in Road Infrastructure written by Mark G. Lijesen and published by . This book was released on 2007 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Going Private written by Jose Gomez-Ibanez and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade many countries turned to private sources to provide services formerly offered by public agencies. Europeans, particularly the British and the French, were leaders in this movement. Developing countries also experimented extensively with privatization in the 1980s, with varying degrees of success. Because governments around the world are heavily involved in transportation, it is a natural focus of privatization experiments and in many ways has been at the cutting edge. Going Private examines the diverse privatization experiences of transportation services and facilities. Cases are drawn from the United States, Asia, Europe, and Latin America. Since almost every country has experimented to some degree with highway and bus privatization, the authors focus particularly on these services, although they also discuss urban rail transit and airports. Highways and buses, they explain, encompass all three of the most common and basic forms of privatization: the sale of an existing state-owned enterprise; use of private, rather than public, financing and management for new infrastructure development; and contracting out to private vendors public services previously provided by government employees. After thoroughly examining these services and discussing the motives for, and objections to, privatization, the authors look at the prospects for privatization in other sectors and industries. They assess those circumstances in which privatization is most likely to succeed and those in which it is most likely to fail, for political as well as economic reasons. The authors conclude that privatization involves many political and social as well as economic dimensions. Privatization is usually not simply a matter of efficiency improvements or capital augmentation but also involves such deeply imbedded societal concerns as equity, income transfers, environmental problems, and attitudes toward taxation and the role of government.
Download or read book Understanding contemporary public private highway transactions written by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Highways, Transit, and Pipelines and published by . This book was released on 2006 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Road to Renewal written by Richard R. Geddes and published by Government Institutes. This book was released on 2011-02-16 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
