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Using public-private partnerships to carry out highway projects.

Author: Alan Van der Hilst; United States. Congressional Budget Office.
Publisher: [Washington, D.C.] : Congress of the United States, Congressional Budget Office, [2012]
Series: CBO study.
Edition/Format:   eBook : Document : National government publication : EnglishView all editions and formats
Summary:
Some observers assert that an alternative approach, using a public-private partnership, could increase the money available for highway projects and complete the work more quickly or at a lower cost than is possible through the traditional method. Specifically, such a partnership could secure financing for a project through private sources that might require more accountability and could assign greater responsibility  Read more...
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Details

Genre/Form: Statistics
Material Type: Document, Government publication, National government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Alan Van der Hilst; United States. Congressional Budget Office.
OCLC Number: 772453815
Notes: Title from title screen (viewed Jan. 11, 2012).
"January 2012."
"Pub. no. 4041."
Description: 1 online resource (x, 32 pages) : illustrations.
Contents: Approaches to providing highways --
Private financing of highways --
Private provision of highways --
Public-private partnerships in other countries --
Two case studies of long term lease agreements for highway operations and maintenance.
Series Title: CBO study.

Abstract:

Some observers assert that an alternative approach, using a public-private partnership, could increase the money available for highway projects and complete the work more quickly or at a lower cost than is possible through the traditional method. Specifically, such a partnership could secure financing for a project through private sources that might require more accountability and could assign greater responsibility to private firms for carrying out the work. For example, a private business might take on the responsibility for specific tasks, such as operations and maintenance, and their accompanying risks. In this study, the Congressional Budget Office (CBO) finds that private financing will increase the availability of funds for highway construction only in cases in which states or localities have chosen to restrict their spending by imposing legal constraints or budgetary limits on themselves.

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