Keyword: p3s
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LET’S BUILD INFRASTRUCTURE is preparing to launch formally in Washington, D.C., next week with a six-figure advertising blitz focused on pressing lawmakers to use privatization, rather than taxation, to pay for the infrastructure proposals debated in Congress. The organization touts public-private partnerships and a process known as “asset recycling,” in which the government finances new construction and repairs by selling or leasing roads, bridges, water utilities, parking lots, and other infrastructure assets to private contractors instead of paying for them with public funding. The private operators in turn recoup costs by adding tolls or increasing user fees, such as water...
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The Great Bend-Hallstead exit (230) off Interstate 81 in Susquehanna County is due for repair in the next few years and PennDOT has proposed installing an electronic toll, that would use E-ZPass or pay-by-plate collection for drivers who pass through the area. The funds collected would be used to pay for the construction, maintenance, and operation of that bridge. We spoke with several people who use this section of highway about the proposed idea. "I guess to raise taxes to everybody is really hard, so I guess for the people using the road, then maybe that's a good idea," said...
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Michigan drivers and taxpayers have been complaining about road and highway conditions for years. But the solutions policymakers have recently proposed ranged from the politically impossible, like raising the gas tax 45 cents per gallon, to financially-risky short-term fixes like borrowing billions in bonds to pay for teacher pension contributions so that money could be shifted to funding for roads. But it seems like Michigan lawmakers may be warming up to a long-term, sustainable, users-pay solution to achieving better roads: tolling. Lansing's interest in tolling has gone back decades but this year the state Legislature and Gov. Gretchen Whitmer's administration...
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The surface transportation construction industry has long had to rely on Washington for its prosperity. We spend most years holding our breath and hoping we will receive more Federal funding to fix our crumbling roads, bridges and highway systems. Currently in the United States, 7 percent of bridges are structurally deficient, and 19 percent of major highway pavements have deteriorated. Yet, our existing financing structure has few tools to address the looming reconstruction challenges facing existing infrastructure. In 2020, Congress passed a one-year extension of the Fixing America's Surface Transportation (FAST) Act. While the one-year extension of the FAST Act...
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A study of the public-private partnership project delivery method has some cautionary advice for governments and contractors considering them. Entitled "Highway Robbery: Public Private Partnerships and Nova Scotia Highways" by the Canadian Centre for Policy Alternatives, the study urges jurisdictions to stop using the model to build highways. The report concludes that governments should instead employ traditional public procurement, based on its findings that contracting out services through a P3 is more expensive than public procurement, has the potential to compromise highway safety, needlessly duplicates government services and lacks mechanisms for public accountability. “Public infrastructure and services should remain fully...
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The U.S. Interstate Highway System is the backbone of American commerce and personal travel. Funded on a pay-as-you-go basis largely through federal excise taxes on motor fuel, today it accounts for 25% of total vehicle-miles traveled despite accounting for just 2.5% of total road network lane-miles. Yet, much of the Interstate system, construction of which began in the 1950s, is nearing the end of its functional life, along with the infrastructure of other surface transportation modes. Over the next two decades, trillions of dollars of investment will be needed to rehabilitate and in some cases rebuild this infrastructure, according to...
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Nearly a dozen stakeholders representing local governments and the freight and commuter sectors on Feb. 7 urged a House transportation panel to identify a sustainable source of funding for an infrastructure bill. As the panel prepares to craft legislation, lawmakers agreed infrastructure policy should top their priorities this year. Yet, they continue to differ on a way forward for ensuring the sustainability of the dwindling Highway Trust Fund. The idea that former Transportation Secretary Ray LaHood told the Transportation and Infrastructure Committee to consider is increasing and indexing the fuel tax by about 10 cents. Doing so, LaHood argued, would...
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If Elon Musk’s Boring Company succeeds, the fantasy of slipping into a pod and being whisked from Washington, D.C. to New York City in less than 30 minutes may become a reality. As startling as that might be, such transformational projects are nothing new. Think of how Americans of a half-century ago felt once the national interstate highway system was complete and a cross-country road trip shortened from two weeks to five days. Infrastructure improvements in the U.S. – such as the interstate system, built in the 1950s and 1960s, the first transcontinental railway in the 1860s, and the Erie...
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More than 300 bridges in Connecticut — carrying 4.3 million vehicles daily — are considered structurally deficient. Highways in the Bridgeport-Stamford area are so congested motorists waste 49 hours a year in bumper-to-bumper traffic. And 62 percent of Connecticut’s major roads are in such poor condition they cost motorists $681 annually in vehicle repairs, according to TRIP, a national transportation think tank. Given those challenges, the three men seeking to replace Gov. Dannel P. Malloy could be making transportation the centerpiece of their campaigns. But instead, these candidates for governor are offering mostly modest plans to fix the state’s infrastructure...
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“MASON CITY: To get there you follow Highway 58, going northeast out of the city, and it is a good highway and new.” — Robert Penn Warren, “All the King’s Men” (1946) WASHINGTON — Appropriately, Warren began the best book about American populism, his novel based on Huey Long’s Louisiana career, with a rolling sentence about a road. Time was, infrastructure — roads, especially — was a preoccupation of populists, who were mostly rural and needed roads to get products to market, and for travel to neighbors and towns, which assuaged loneliness. Today, there is no comparably sympathetic constituency clamoring...
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In a fillip to India’s highway development programme, the Union cabinet chaired by Prime Minister Narendra Modi on Tuesday approved a plan to build thousands of kilometres of roads and highways over the next five years at a cost of about Rs 7 lakh crore, a spending push that could help generate jobs and lift the economy. Announcing the Cabinet decision, Union finance minister Arun Jaitley called this public expenditure on infrastructure projects as “unprecedented” and “something which has not happened in the country till date.” The plan involves constructing 83,677 km of roads, highways, green-field expressways and bridges in...
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Texas is a highway state. This reality stems from the need to meet the mobility demands of both sprawling metropolitan regions and vast rural areas.Paying for the state's massive system of highways has always been a challenge, however. Estimates from the Texas Department of Transportation (TxDOT) put the state's highway expansion and maintenance needs alone at nearly $383 billion by 2040. Existing public funding, projected to be $70 billion over the next decade, will not be able to cover that cost without unprecedented funding increases after 2026.While Texans are clearly amenable to paying for better roads — two recent state...
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NEW YORK (CNNMoney) -- President Trump says he's creating a $1 trillion plan to rebuild America's roads, bridges and runways. "We will create the first class infrastructure our country and our people deserve," Trump said Wednesday in Cincinnati. "It's time to rebuild our country to bring back our jobs." Trump has dubbed this week as "infrastructure week." But an analysis of the Trump budget finds that it cuts infrastructure spending overall by $55 billion, according to the University of Pennsylvania's Wharton Budget Model, a non-partisan research organization. (Coincidentally, Trump graduated from the Wharton School in 1968). Over 10 years, Trump's...
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The rapidly escalating tollway fines that have left some Texans owing thousands or even tens of thousands of dollars could be a thing of the past, based on an amendment that surprisingly found its way into a Texas Department of Transportation bill this week. But the impact to your pocketbook would depend on which tollway you’re driving. Under the amendment, a car owner who has driven on a tollway without paying — even hundreds of times — would owe at most $73 in fines every six months, plus the unpaid tolls. But that change, proposed by Rep. Ina Minjarez, D-San...
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WASHINGTON — President Donald Trump’s grand plan to spend $1 trillion over the next 10 years on highways and other infrastructure improvements faces a formidable roadblock in Congress and state legislatures. There’s agreement the investment is badly needed to improve the nation’s sagging infrastructure but how to cover the huge expense is the point of tension. Trump would use $200 billion in public funds to generate $800 billion in private money under a partnership program that would finance government bonds and also return a profit to private companies through interstate tolls and other user fees. To do that, Congress would...
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Investors are hoping to seize upon the $1 trillion infrastructure plan proposed by President Donald Trump to transform the nation’s highways, bridges, and tunnels into assets they can monetize by adding tolls and other user fees.The Trump infrastructure plan, which the administration plans to roll out this week, is centered on the idea of “asset recycling,†which refers to the process of securing new infrastructure spending by leasing the operations of existing public property to private operators.The privatization-centered scheme has the nation’s largest toll operators salivating. Transurban, Cintra, and TransCore, three major toll operators, have retained federal lobbyists to influence...
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This week, while Donald Trump ensnares himself in the most serious threat to his presidency to date, Congress is, to some extent, continuing with the typical business of government. A series of hearings during “Infrastructure Week†are focusing on the administration’s rumored infrastructure plan.Although the White House has been talking up private infrastructure investment as a replacement for public funding, a panel of experts told Congress that, even with perfectly executed public-private partnerships, the federal government still needs to provide its own support — especially for projects, like transit lines, that aren’t guaranteed to generate toll revenue for profit-seeking investors.This...
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Texas is spending record amounts on transportation, but lawmakers worried it is not enough are considering extending a controversial program that’s helped spread tollways through some of the state’s largest areas. A bill approved this week by a House committee would give the Texas Department of Transportation a chance to add six additional projects, including the widening of Interstate 45 north of I-10 and a long-planned Hempstead Tollway, meant to relieve traffic on U.S. 290 with the potential for a commuter rail corridor. The bill, by state Rep. Larry Phillips, R-Sherman, would also allow TxDOT or regional officials the chance...
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WASHINGTON (AP) - Democrats had hoped the one big policy area they could find common ground with President Donald Trump on was infrastructure, but they don't like what they're hearing from administration officials about the transportation portion of the plan that's still in the works. Trump has promised to generate $1 trillion in infrastructure spending over 10 years. With two of his other top campaign pledges in trouble - an effort to repeal and replace the Obama administration health care law has failed so far, and without savings to the government from health care changes there may not be enough...
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Texas had high hopes for the southern segments of SH 130, a 41-mile stretch of the high-speed toll road east of San Antonio. The state had put off building that stretch of road until a pair of investors stepped forward and offered what sounded like a great deal: Texas would get a big check for turning the rights to build and operate the toll road over to a private entity, a move that would give the state a new highway and a share of the tolls. The state would own the road and rake in revenue, but wouldn't have to...
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