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Archive for the ‘Funding’ Category

Options For Increasing Surface Transportation Revenue

Monday, November 10th, 2014
Policy Optimality Considerations for Federal Revenue Options ($ in billions)

AMERICAN ASSOCIATION OF STATE HIGHWAY AND TRANSPORTATION OFFICIALS (AASHTO)
In an attempt to provide a viable solution to the surface transportation funding debacle, this post offers a matrix of dozens of possible methods of funding surface transportation in the U.S., including the few that are already being implemented along with the many that have yet to be explored.

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Transportation Infrastructure: Moving America

Friday, October 24th, 2014
transpofundingcfr

COUNCIL ON FOREIGN RELATIONS
Infrastructure is critical to economic growth, but the aging U.S. transportation system suffers from insufficient investment. As this CFR Progress Report and Scorecard, Road to Nowhere, explains, other nations are building new highways as the United States’ crumble. U.S. transportation fell from fifth in the World Economic Forum’s rankings in 2002 to twenty-fourth in 2011, passed by nations such as Spain, South Korea, and Oman. Making a U-turn will take some time since major infrastructure projects require several years to plan and execute.

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Special Message from InfrastructureUSA: Moving Forward in 2015

Tuesday, October 21st, 2014
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InfrastructureUSA is a powerful advocate for comprehensive infrastructure investment and the source for perspectives on all infra areas. Now, we need your assistance to keep this nonprofit project vibrant in 2015. We aim to increase our reach, expand our usership, and turn up the volume on the dialogue to restore America’s infrastructure. With your engagement, we can rebuild our failing infrastructure and bring about positive change throughout the nation.

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Obama’s Disappointing Legacy on Transportation Policy

Monday, October 20th, 2014

Innovation Newsbriefs
Vol. 25, No. 14
For a long time, the nation’s transportation policy escaped critical scrutiny. Not any longer. The Council on Foreign Relations (CFR) — hardly a partisan anti-Obama cabal —has published a hard-hitting but carefully balanced critique of the Administration’s handling of the federal transportation program. Authored by Rebecca Strauss, associate editor of CFR’s “Renewing America” policy briefs, the article singles out a series of failed policy initiatives, notably Obama’s signature high-speed rail project (“it has turned into an embarrassment”), proposals for a $10 billion infrastructure bank and a $50 billion “Fix-it-First” program (both ignored by Congress); and failure to submit to Congress a legislative proposal for a multi-year surface transportation program for the first five-and-a-half years of the presidency.

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Infrastructure Investment Creates American Jobs

Monday, October 20th, 2014
Figure 1. Comparing Annual Percentage Change in DOT Budget, GDP and Population

DUKE CENTER ON GLOBALIZATION, GOVERNANCE & COMPETITIVENESSExecutive SummaryFederal investment in transportation infrastructure can drive employment and boost our national competitiveness. Increased investment in transportation infrastructure will provide jobs in many sectors, including in construction and manufacturing, while addressing the long-term deficiencies in the state of U.S. infrastructure. Businesses depend on a state-of-the-art transportation infrastructure to […]

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Getting to the Route of it: The Role of Governance in Regional Transit

Thursday, October 16th, 2014
The Route of It

ENO CENTER FOR TRANSPORTATION
TRANSITCENTER
…Could regional governance be at the root of problems faced by transit systems in other regions? Some regions have struggled to create universal farecards with updated technology. Other regions have targeted investment to new projects while neglecting the core network. Many regions struggle with coordinating service and interfaces between different operators or transit modes. If regions attempt to solve these problems without resolving their governance issues, they—like Chicago—may be fighting a losing battle.

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Highway Boondoggles + The Illiana Expressway

Wednesday, October 15th, 2014
Photo by Brad/Flickr Creative Commons License

(This post also appears in Going Places, a policy blog by CNT’s Jacky Grimshaw)I recently read the U.S. PIRG Education Fund’s excellent new report, Highway Boondoggles: Wasted Money and America’s Transportation Future. I couldn’t help thinking about the decision(s) looming in CNT’s backyard about the proposed Illiana Expressway.Highway Boondoggles focuses on the national and local mismanagement […]

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Intergovernmental Challenges in Surface Transportation Funding

Wednesday, October 1st, 2014
All Levels of Government Fund Highways and Transit

THE PEW CHARITABLE TRUSTS
This analysis examines the role that each level of government plays in paying for highway and transit infrastructure (referred to here as “surface transportation” or “transportation”), the key problems facing this multilayered system of funding, and their causes. In addition, it identifies central principles that policymakers need to consider as they weigh options and consider solutions.

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Public Private Partnerships: Balancing the needs of the public and private sectors to finance the nation’s infrastructure

Friday, September 26th, 2014
Figure 1: PPPs Worldwide, Nominal Cost (in Billions), 1985-2011

HOUSE TRANSPORTATION & INFRASTRUCTURE COMMITTEE
Around the world, P3s play a significant role in the development and delivery of transportation and infrastructure projects. Internationally, P3s have had a mixed record of success and failure. The Panel found that successful P3s have several common elements, including leveraging the strengths of the public and private sectors, appropriate risk transfer, transparent and flexible contracts, and alignment of policy goals…Unlike most other countries, the United States possesses a robust municipal bond market of approximately $3.7 trillion, of which a significant portion is for infrastructure financing. The Panel found that this is one major reason why the U.S. P3 market has not grown as quickly as in other countries (which do not offer tax-exempt municipal bonds) and why the potential for P3s in the United States is limited.

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Catching Up: Greater Focus Needed to Achieve a More Competitive Infrastructure

Thursday, September 25th, 2014
Figure E-1: Real Public Infrastructure Expenditures, Average Annual Percentage Growth

NATIONAL ASSOCIATION OF MANUFACTURERS
Modern economic growth and development depends on high-quality infrastructure. There is no getting around it. However, what, exactly, does that involve? Infrastructure spans a wide range of public and private assets, including highways and bridges, airports, ports and inland waterways, electricity plants and transmission lines, information and telecommunication networks and water and sewage facilities. Such assets are indispensable for facilitating production across various industries—not least of which include agriculture, energy, mining and, in particular, manufacturing. The ability to safely and efficiently move goods from a manufacturing facility to a customer located far away is crucial to the industry’s long-term health and global competitiveness. In other capital-intensive industries, such as telecommunications and electricity distribution, infrastructure plays an equally important role. Beyond the manufacturing industry, basic infrastructure also underlies the daily occupational and recreational activities of U.S. households. Our energy, mobility, information and travel capabilities all depend on safe, accessible and reliable infrastructure.

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