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A New Future for US Highways

A New Future for US Highways

Chapter:
(p.307) Chapter Twelve A New Future for US Highways
Source:
Rethinking America's Highways
Author(s):
Robert W. Poole Jr.
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226557601.003.0012

This chapter suggests that the time is right for a new model for U.S. highways. Factors that will disrupt the status quo are the looming insolvency of the federal government, large-scale state fiscal problems, and the decline of fuel tax revenues. Positive factors for change are the growing track record of the P3 highway industry and large amounts of equity capital eager to invest in U.S. infrastructure by global infrastructure investment funds and public pension funds.

Keywords:   Federal budget deficits, State fiscal problems, Fuel taxes, P3 industry, Infrastructure investment funds, Pension funds

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