U.S. Policy on PPPs: Jury Still Out

Despite the widespread conviction that transport infrastructure in America is badly in need of repair and expansion and the acknowledged inadequacy of available public funding, private investment in heretofore publicly funded transport facilities remains politically controversial. The pace of further activity may well be constrained by an unfriendly statutory framework and an abiding scepticism among many politicians about whether PPPs are beneficial in the long term. Given the important federal and state legislation that will be enacted over the next few years, stakeholders must provide legislators with a more accurate understanding of the ways in which PPPs are not only consistent with, but can enhance, the public interest.

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