The Road to Renewal
Private Investment in the U.S. Transportation Infrastructure
By (author) Richard R. Geddes
Publication date:
16 February 2011Length of book:
230 pagesPublisher
AEI PressISBN-13: 9780844743462
Despite record levels of government spending, America's transportation system is plagued by traffic congestion, decaying infrastructure, and politicization of transportation funding-leading to calamities such as the 2007 collapse an interstate highway bridge over the Mississippi River and political fiascos like Alaska's infamous "Bridge to Nowhere." 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.
This is the best and most insightful book yet on the role that private investment can and should play in transportation infrastructure. It addresses common concerns and misconceptions about public-private partnerships, using sound economic thinking and empirical data, a combination that is hard to beat.