Keyword: p3s

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  • Trump's pledge to boost infrastructure could aid mid-Hudson

    12/08/2016 12:56:52 PM PST · by Tolerance Sucks Rocks · 17 replies
    The Middletown Times Herald-Record ^ | November 21, 2016 | James Nani
    County leaders are hopeful that the $1 trillion infrastructure investment promised by Republican president-elect Donald Trump will have a big impact on the region. Trump has promised to prioritize infrastructure spending in his first 100 days in office. The move is one that Democrats, now in minority positions in both houses of Congress, have said they're willing to support. The plan, which is not yet fully fleshed out, looks to rely heavily on billions of dollars of infrastructure tax credits to private entities. And while Federal Reserve Board Chair Janet Yellen warned recently that weighing down the national debt with...
  • How Trump Might Try to Fix Bridges and Highways: QuickTake Q&A

    11/24/2016 7:44:35 AM PST · by Tolerance Sucks Rocks · 9 replies
    Bloomberg ^ | November 14, 2016 | Laurence Arnold and Sho Chandra
    Link only - Bloomberg
  • Donald Trump's infrastructure plan wouldn't actually fix America's infrastructure problems

    11/21/2016 9:00:54 PM PST · by Tolerance Sucks Rocks · 25 replies
    Vox ^ | November 18, 2016 | Brad Plumer
    Donald Trump loves the idea of infrastructure. He brings it up all the time. He wants to make an infrastructure bill a priority in his first 100 days as president. And Democrats like Nancy Pelosi and Chuck Schumer have said they’d love to work with him on this."We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals," Trump promised cheering supporters on election night. "We're going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it."The...
  • Who’s Going to Pay for Trump’s Huge Infrastructure Plans?

    11/20/2016 10:02:22 PM PST · by Tolerance Sucks Rocks · 81 replies
    The Fiscal Times ^ | November 14, 2016 | Mark Joffe
    A rare point of agreement between President-Elect Trump and Congressional Democrats is that America has an infrastructure deficit: The nation’s transportation, power, water and sewerage facilities are too often outdated and unable to reliably serve a growing population. But while the diagnosis crosses party lines, solutions are more controversial. Democrats may not be too worried about the recent increase in federal deficits, but Republicans who have made an issue of the national debt will be reluctant to produce more red ink. Likewise, tax increases to pay for new federal construction spending are off the table under Trump and a Republican-controlled...
  • Trump promises big on highway funding, could open door to more tolls and privatization

    11/19/2016 11:54:49 PM PST · by Tolerance Sucks Rocks · 33 replies
    Overdrive ^ | November 14, 2016 | James Jaillet
    President-elect Donald Trump said throughout his campaign for the White House that he wants major investments in U.S. infrastructure, calling for $1 trillion on infrastructure projects during his presidency.He reiterated the point in his victory speech last Wednesday. “We’re going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” Mr. Trump said. “We’re going to rebuild our infrastructure, which will become, by the way, second to none.”However, major infrastructure bills are challenging pieces of legislation to pass, especially since Congress changed little in the election, says Todd Spencer, executive vice president of the Owner-Operator Independent...
  • Trump's highway improvement plans come with a price of maybe more Texas toll roads

    11/10/2016 9:11:39 PM PST · by Tolerance Sucks Rocks · 34 replies
    The Houston Chronicle ^ | November 10, 2016 | Dug Begley
    If recent votes are any indication, Texans don’t like toll roads, but they do like Donald Trump. At some point, maybe soon, they’re going to have to make a choice between the two. President-elect Trump in late October laid out some of his plans should he win the White House, among them the American Energy & Infrastructure Act, which he plans to pass in his first 100 days. In his action plan that includes abolishing the Affordable Care Act and restraining immigration, Trump said the infrastructure plan “leverages public-private partnerships, and private investments through tax incentives.” Over a decade, Trump...
  • Toll Lanes Could Get Driverless Trucks On Highways Faster

    11/06/2016 10:56:10 AM PST · by Tolerance Sucks Rocks · 23 replies
    Forbes ^ | October 18, 2016 | Jason Kuehn and Bill Rennicke
    Prematurely accelerating the implementation of fully autonomous trucking (no driver in the cab) seems like an idea that could be fraught with risk. While driverless long-haul trucks have the potential to increase economic productivity by enabling more cost-effective transport of goods, the technology is not yet ready for prime time. There is growing pressure, however, to make it a reality sooner rather than later – particularly as long-distance trucking faces a worsening driver shortage. At the same time, highway infrastructure in many parts of the country is clearly inadequate even for today’s traffic, let alone a mixed bag of driven...
  • Morton Marcus: Business-government partnerships hide faults

    11/06/2016 7:44:26 AM PST · by Tolerance Sucks Rocks · 1 replies
    The Terre Haute Tribune Star ^ | October 29, 2016 | Morton Marcus
    It was disappointing, but not surprising, to learn from the Indianapolis Business Journal (Oct. 10-16) that both John Gregg and Eric Holcomb endorse public-private partnerships (P3s). These candidates for governor are experienced in the ways of our Indiana government. Mr. Gregg has served at the highest level of the legislature while Mr. Holcomb is our Lt. Governor. P3s are agreements between governments (national, state, or local) with private companies to assume control, but not ownership, of public assets. Hoosiers know them in the form of the new bridge over the Ohio River, connecting the east end of Louisville with Clark...
  • Will next governor pave the way for more public-private partnerships?

    10/11/2016 7:05:15 PM PDT · by Tolerance Sucks Rocks · 5 replies
    The Indiana Lawyer ^ | October 11, 2016 | Hayleigh Colombo, IBJ Staff
    The controversial 2006 lease of the Indiana Toll Road paved the way for highway projects funded by public-private partnerships in Indiana — including the relatively smooth and nearly finished building of a bridge over the Ohio River at Louisville and the beleaguered construction of a 21-mile stretch of Interstate 69 from Bloomington to Martinsville. Indiana’s next governor — whose road-funding agenda will likely shape discussions at next year’s budget session of the Indiana General Assembly — will have a major role in crafting future deals to fund projects and maintain the state’s infrastructure. The question is whether the state will...
  • Reversible toll lanes on 270? Maybe

    02/27/2015 7:12:39 PM PST · by Tolerance Sucks Rocks · 8 replies
    WTOP ^ | February 26, 2015 | Ari Ashe
    ROCKVILLE, Md. — With a new governor viewed as road-friendly in Annapolis, one Montgomery County lawmaker hopes toll lanes on Interstate 270 are a possibility. County Councilmember Roger Berliner supports converting the two High Occupancy Vehicle lanes on I-270 into reversible toll lanes. “We backed a plan six years ago with two reversible lanes. People in carpools or transit vehicles ride free; everyone else would have to pay a toll,” says Berliner. The concept would be similar to the new 95 Express Lanes in Virginia between Stafford County and Alexandria. Similar to Virginia, any project in Maryland would likely require...
  • Rethinking Federal Highway and Transit Funding

    05/20/2014 10:06:25 AM PDT · by Tolerance Sucks Rocks · 7 replies
    The Cato Institute ^ | May 6, 2014 | Chris Edwards
    Mr. Chairman and members of the committee, thank you for inviting me to testify today regarding the federal role in highway and transit funding.Federal policymakers are considering ways to close the large funding gap in the Highway Trust Fund. One option would be to reduce spending and downsize the federal role in transportation. That approach would encourage state governments to pursue their own innovative solutions for highways and transit, such as new types of user charges, public-private partnerships, and privatization.Federal aid programs for highways and transit have many shortcomings. Aid redistributes transportation funds between the states in ways that are...
  • Lawmakers advance bill to remove Trans-Texas Corridor wording from state statutes

    05/25/2011 10:07:49 PM PDT · by Tolerance Sucks Rocks · 10 replies
    The Austin American-Statesman ^ | May 24, 2011 | Ben Wear
    Will the governor sign the death certificate for his brainchild? The House unanimously voted late Monday to accept Senate changes to House Bill 1201, Rep. Lois Kolkhorst's legislation that would remove all references to the Trans-Texas Corridor from state statutes. And, oh yes, allow an 85 mph speed limit on certain roads completed after June. The bill now goes to Gov. Rick Perry for his signature, or his veto. For now, the only road likely to qualify for the 85 mph limit will be the southern 40 miles of the Texas 130 tollway, now under construction between the southeast outskirts...
  • Senate votes to drive final stake through Trans Texas Corridor

    05/22/2011 7:35:03 PM PDT · by Tolerance Sucks Rocks · 58 replies
    The Dallas Morning News ^ | May 21, 2011 | Christy Hoppe
    AUSTIN — The ceremony was brief and drew few mourners, but the Trans Texas Corridor is finally dead. The Senate unanimously passed a bill that strikes from state law any language, reference and authority once connected to the massive highway envisioned to slice a swath through Texas. The same measure already has passed the House. There are some minor differences that still need to be reconciled, but the bill is expected to go to Gov. Rick Perry, who will have to decide whether to join in the final rites for his once-prized project. Legislators did keep a provision that was...
  • What’s the best way to modernize our transportation?

    10/27/2010 11:10:25 AM PDT · by Tolerance Sucks Rocks · 25 replies · 1+ views
    The Christian Science Monitor ^ | October 26, 2010 | The Christian Science Monitor
    With a lagging economy, high unemployment, and aging transportation systems, Americans debate the best ways to invest in their infrastructure and stimulate economic activity – from high-speed rail and congestion pricing, to cutting pork and tapping private capital. High-speed rail is a big part of the answer During the Great Depression, businesses and governments agreed that transportation modernization was essential to restoring prosperity. The 1930s saw the emergence of the freeway (the first one opening in Los Angeles in 1940) and the airport as important modes of transportation. Together with the National Interstate and Defense Highways Act of 1956, these...
  • Private Enterprise Does It Better

    08/04/2010 6:45:27 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | August 4, 2010 | John Stossel
    Click here to find out more! In "Myths, Lies and Downright Stupidity," I bet my readers $1,000 that they couldn't name one thing that government does better than the private sector. I am yet to pay. Free enterprise does everything better. Why? Because if private companies don't do things efficiently, they lose money and die. Unlike government, they cannot compel payment through the power to tax. Even when a private company operates a public facility under contract to government, it must perform. If it doesn't, it will be "fired" -- its contract won't be renewed. Government is never fired. Contracting...
  • Will India's highways project be path to growth?

    04/22/2010 6:09:27 AM PDT · by Tolerance Sucks Rocks · 6 replies · 324+ views
    BBC ^ | April 21, 2010 | Brajesh Upadhyay
    As India aspires to a double digit annual economic growth, infrastructure development is the new priority. Prime minister Manmohan Singh has underscored the need to double infrastructure spending from $500bn (Ł325bn) to $1 trillion in the next five-year plan if the country plans to lift millions out of poverty. Roads and highways are a particular focus of attention and the government's high-profile highways minister Kamal Nath has set himself a tough target of 20km of roads a day from June, meaning 7,000km a year and 20,000km of work in progress. It could easily be the biggest and the most ambitious...
  • Texas lawmakers to weigh private road deals against tax increases

    01/12/2009 4:28:45 PM PST · by Tolerance Sucks Rocks · 17 replies · 617+ views
    WFAA ^ | January 12, 2009 | Michael A. Lindenberger (Dallas Morning News)
    Two years ago, lawmakers went to war with Gov. Rick Perry over his push to privatize Texas toll roads, but their efforts to stop the idea largely failed. As they return Tuesday to launch the 2009 legislative session, lawmakers will be faced with a choice of either raising taxes – which both Perry and Lt. Gov. David Dewhurst have called a bad idea – or giving private companies a greater role in paying for, and operating, a fast-expanding network of toll roads. The two-year moratorium on private road deals that passed in 2007 slowed but didn't kill Perry's plan to...
  • Private investors take public profits at Machang Bridge

    09/19/2008 8:00:07 PM PDT · by Tolerance Sucks Rocks · 4 replies · 295+ views
    The Hankyoreh ^ | September 19, 2008 | The Hankyoreh
    There is rising criticism that the Machang Bridge, which opened in July at the cost of millions of won, is only enriching speculative capitalists with tax money. They say that throughout the country, roads built through private investment are becoming white elephants where investors eat tax money via rough traffic predictions and contracts with excessive profit guarantees. The province of South Gyeongsang spent 380 billion won (US$337 million) in budget outlays and 190 million won in private capital to build the Machang Bridge linking Changwon and Masan. For the next 30 years, the earnings from the bridge tolls will be...
  • LETTER: TTC ordeal remains the same

    09/01/2008 9:29:46 AM PDT · by Tolerance Sucks Rocks · 3 replies · 234+ views
    The Lufkin Daily News ^ | August 30, 2008 | Gary L. Smith, Sr.
    In my recent letter to you concerning the TTC, I misquoted some information about the company known as Cintra. Mr. Patrick Rhodes of Cintra wrote in response to my mistake. Therefore, I stand corrected with the following: Fellow citizens, the company, Cintra, is not affiliated with ZAI-ACS. Cintra is partnered with Zachry on some TxDOT projects and ACS is partnered with Zachry on some other TxDOT projects. Therefore, I hope this clarifies the over-zealous statements in my letter. Cintra is a Spanish-owned company, and ACS is a larger Spanish-owned company. Zachry, a Texas company, is affiliated with each of them...
  • Texas wants its public funds to invest in roads

    08/22/2008 10:57:25 AM PDT · by Tolerance Sucks Rocks · 20 replies · 221+ views
    Reuters ^ | August 21, 2008 | Reuters
    NEW YORK (Reuters) - Public investment funds based in Texas could invest directly in transportation projects through a new corporation under a plan unveiled on Thursday by the state's legislative leaders and the governor. Texas has the nation's biggest road privatization plan but the legislature, reacting to criticisms that developers were enriching themselves at the expense of taxpayers, enacted a two-year moratorium. That has crimped road-building projects and led to a series of clashes between the governor and the legislature, who now have agreed on a compromise plan. Developers, including overseas companies, investment banks and private equity funds all vie...