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Posts Tagged ‘Capital Beltway’

Implementing Public Private Partnerships During Challenging Economic Times

Monday, January 6th, 2014
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GEORGE MASON UNIVERSITY
How has the 2008 Economic Crisis impacted the design, financing, and construction of highway public–private partnership (PPP or P3) projects in the United States? In December 2007, on the eve of the economic crisis, the Virginia legislature approved a P3 to construct a 14-mile (22.5 km) high occupancy toll (HOT) road (the 495 Express Lanes) to alleviate heavy traffic on the Capital Beltway around Washington, DC. This case study looks at the impact the 2008 Economic Crisis and associated economic challenges between 2008 and 2012 had on this project and considers what governments and other stakeholders should be aware of when implementing P3s during adverse economic times.

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Posted in Funding, Highway, Infra Views, Local, Roads

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Can Public–Private Partnerships Fill the Transportation Funding Gap?

Tuesday, January 17th, 2012

THE HERITAGE FOUNDATION
Given tight federal budget restraints and shrinking transportation trust fund revenues, states and the federal government need to find alternative financial resources to finance needed transportation infrastructure projects, especially maintaining and expanding the capacity of the Interstate Highway System. Increased use of public–private partnership contracts (P3s) promises to help finance some of the needed infrastructure projects, but the federal government needs to allow states more freedom to use P3s, and states need to adopt the policies and practices needed to use P3s effectively.

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Posted in Highway, Infra Views, National, Policy, Private Investment, Transit

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