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Keyword: privatization

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  • Taco Bell Space Station? It’s possible, panelists say

    04/19/2018 5:59:45 PM PDT · by LibWhacker · 19 replies
    Space News ^ | 4/19/18 | Debra Werner
    COLORADO SPRINGS — Future private space stations may be sponsored by major corporations, which prompted a spirited discussion during a panel on the future of low Earth orbit at the 34th Space Symposium here. “I don’t want the Taco Bell International Space Station,” said Erin MacDonald, modeling and simulation engineer for Engility’s Space and Mission Systems Group. “I think it goes against what the public perceives the space station is supposed to be like.” While the International Space Station is unlikely to be rebranded by Taco Bell or any other corporation, if a new commercial space station is “paid for...
  • Private Financing for Public Infrastructure

    04/05/2018 1:11:45 AM PDT · by Tolerance Sucks Rocks
    The Lane Report ^ | March 16, 2018 | Greg Paeth
    Six Kentucky community banks that could be competing for business have agreed to work together as charter members of the specialty $150 million Commonwealth Infrastructure Fund to finance public-private partnerships (P3) in Kentucky.In the next few months, CIF is expected to reveal one or more inaugural deals.“We are looking at five to 10 potential projects that should start sometime in 2018. We expect to make loans to two or three projects in 2018 after the underwriting process has been completed,” said John Farris, who manages CIF. “We believe we will lend out all $150 million over three to five years...
  • Will: Infrastructure spending won’t transform America

    03/16/2018 1:02:00 PM PDT · by Tolerance Sucks Rocks · 52 replies
    The San Jose Mercury News ^ | February 16, 2018 | George F. Will
    “MASON CITY: To get there you follow Highway 58, going northeast out of the city, and it is a good highway and new.” — Robert Penn Warren, “All the King’s Men” (1946) WASHINGTON — Appropriately, Warren began the best book about American populism, his novel based on Huey Long’s Louisiana career, with a rolling sentence about a road. Time was, infrastructure — roads, especially — was a preoccupation of populists, who were mostly rural and needed roads to get products to market, and for travel to neighbors and towns, which assuaged loneliness. Today, there is no comparably sympathetic constituency clamoring...
  • State Asks About Benefits, Drawbacks of Privatizing I-270 Maintenance

    11/28/2017 5:12:35 AM PST · by Tolerance Sucks Rocks · 1 replies
    Bethesda Magazine ^ | September 27, 2017 | Bethany Rodgers
    As state officials launch a project to add toll lanes to Interstate 270 and the Beltway, they also are exploring the benefits of privatizing maintenance of existing highway sections. The Maryland Department of Transportation last week began soliciting input from businesses on the estimated $7.6 billion plan to expand Interstate 495 through Maryland and I-270 from the Beltway to Frederick. A separate but related $1.4 billion plan calls for adding capacity to I-295. During a Sept. 21 press conference, Gov. Larry Hogan said his idea for relieving congestion on the state’s largest thoroughfares relies on finding a private partner to...
  • How to Make Private Investment in Infrastructure Really Work

    10/15/2017 10:58:14 PM PDT · by Tolerance Sucks Rocks · 2 replies
    Citylab ^ | October 9, 2017 | William Murray
    During the 2016 presidential campaign, Donald Trump—like his opponent Hillary Clinton—spoke glowingly about infrastructure spending, alluding to Franklin Roosevelt’s Works Progress Administration and Dwight Eisenhower’s Interstate Highway System as examples of how spending on roads, bridges and airports helped unite the country. For 2017, the American Society of Civil Engineers has given America’s infrastructure an overall grade of D+, estimating it would cost more than $4 trillion to upgrade properly. But President Trump’s $1 trillion dollar, 10-year infrastructure plan has so far moved along at a halting pace. This tortoise-like process may offer an opportunity to think more strategically about...
  • Texas' Toll Roads: A Big Step Towards Open Markets For Transportation

    10/10/2017 8:10:17 AM PDT · by Tolerance Sucks Rocks · 96 replies
    Forbes ^ | June 30, 2017 | Scott Beyer
    No city in America runs on anything resembling a free-market model. But Texas' major cities are probably the closest thing, with vast improvements to their economies and living standards to show for it. Their looser land-use laws mean that housing supply grows quickly, stabilizing prices. Their lighter tax and regulatory structure helps businesses locate there and grow. And—shenanigans from the governor's office notwithstanding—their openness to immigrants means they have cheap and robust labor forces.But one market-oriented aspect little discussed is Texas' approach to transportation. The state has 25 toll roads, more than any other state. They are particularly common in Houston and Dallas,...
  • A $9 Billion Highway That Promises to Pay for Itself

    10/10/2017 5:17:00 AM PDT · by Tolerance Sucks Rocks · 35 replies
    Citylab ^ | September 26, 2017 | Andrew Zaleski
    Last Thursday, Maryland Governor Larry Hogan unveiled a $9 billion project to widen three of the state’s most heavily trafficked highways: I-270, I-495—also known as the Capital Beltway—and MD-295, the Baltimore-Washington Parkway. What the governor’s office dubbed the Traffic Relief Plan involves constructing two express toll lanes each way—or four total toll lanes—to all three highways. Widening the Capital Beltway and the section of I-270 connecting the growing commuter-city of Frederick to Washington, D.C., would cost an estimated $7.6 billion, which the state expects to be financed via public-private partnerships: Private companies would build and maintain the new toll lanes,...
  • Trump's Infrastructure Plan Is Actually Pence's—And It's All About Privatization

    09/28/2017 4:28:56 AM PDT · by Tolerance Sucks Rocks · 13 replies
    Newsweek ^ | September 4, 2017 | Lydia O'Neal and David Sirota
    President Donald Trump’s $1 trillion plan to rebuild America’s infrastructure may be unprecedented in size and ambition, but it mimics a controversial scheme championed by Vice President Mike Pence when he was the governor of Indiana. That’s why Pence is the public face of the Trump initiative, and executives from financial firms that helped privatize Indiana’s toll road are in the White House, busily sculpting Trump’s national plan. Pence and his allies like to boast about how Indiana sold control of major roads to private firms, claiming the move prompted corporations to invest money in infrastructure that would otherwise have...
  • Uncertainty over Trump infrastructure plan jeopardizes transit projects, jobs

    09/22/2017 10:14:35 PM PDT · by Tolerance Sucks Rocks · 16 replies
    The Chicago Tribune ^ | June 9, 2017 | Damian Paletta and Mike Debonis (WaPost)
    Dozens of public transit projects around the country are in danger of stalling as the White House's plan to boost U.S. infrastructure fails to gain momentum - with thousands of jobs at risk. The uncertainty over these projects has worsened in recent days as President Donald Trump - who had vowed to make the week's focus infrastructure - faced a series of distractions, including a congressional hearing featuring former FBI director James Comey. The president, who had called for $1 trillion in new infrastructure programs to create millions of jobs, now faces an increasing probability that not only will his...
  • Maryland Gov. Larry Hogan proposes widening the Beltway and I-270 to include 4 toll lanes

    09/21/2017 8:13:26 PM PDT · by Tolerance Sucks Rocks · 28 replies
    The Washington Post ^ | September 21, 2017 | Robert McCartney, Faiz Siddiqui and Ovetta Wiggins
    Maryland Gov. Larry Hogan (R) on Thursday proposed a $9 billion plan to widen three of the state’s most congested highways — the Capital Beltway, Interstate 270 and the Baltimore-Washington Parkway — in what he said would include the largest public-private partnership for highways in North America. The projects would add four toll lanes each to Maryland’s portion of the Capital Beltway (I-495) and to I-270 from the Beltway to Frederick. It would also widen the Baltimore-Washington Parkway (MD 295) by four toll lanes after taking over ownership from the federal government. Because of private-sector involvement, Hogan said, the plan would...
  • Looting Russia's Free Market

    08/16/2002 7:13:59 AM PDT · by Stand Watch Listen · 14 replies · 393+ views
    INSIGHT magazine ^ | August 12, 2002 | Kelly Patricia O'Meara
    Americans are becoming only too aware of the financial tricks and deceit in which some of the nation's largest and most respected corporations engaged during the Clinton administration to pump up stock prices with fraudulently inflated profits. When the huge bubble no longer could be sustained the men and women at the top would bail out of their stock and pocket millions, leaving pensioners and other investors holding an empty bag. To market insiders these are known as "pump and dumps." While federal investigators are looking into the corporate malfeasance at Enron, WorldCom, Qwest Communications, AOL Time Warner and...
  • Free Private Cities: The Future of Governance is Private

    08/07/2017 4:35:46 PM PDT · by qaz123 · 29 replies
    StartUp Societies Foundation ^ | Unknown | Titus Gebel
    Imagine a private company offers you the basic services of a state, i.e. protection of life, liberty and property in a defined territory. You pay a certain amount for those services per year. Your respective rights and duties are laid down in a written agreement between you and the provider. For everything else, you do what you want. Thus, you are a contracting party on an equal footing with a secured legal position, instead of subject to the government’s or majority’s ever changing will. And you only become a part of it if you like the offer.
  • Trump to announce plan to privatize air traffic control: reports

    06/05/2017 7:45:06 AM PDT · by ColdOne · 21 replies
    thehill.com ^ | 6/4/17 | Brandon Carter
    President Trump will reportedly introduce a plan on Monday to privatize the air traffic control functions of the Federal Aviation Administration this week as part of a broader push for infrastructure reform. The Washington Post reports that Trump will instruct Congress to pursue privatizing air traffic control and spin it off into a nonprofit corporation. Trump could send principles for the plan to Congress as early as this week, according to the report. Trump will be joined by the CEOs of several major airlines as he makes his air traffic control announcement, ABC News reported Sunday evening.
  • Trump’s Infrastructure Plan

    06/03/2017 8:10:44 PM PDT · by Tolerance Sucks Rocks · 16 replies
    Cato At Liberty (Cato Institute) ^ | May 31, 2017 | Randal O'Toole
    Greater reliance on user fees, federal loans rather than grants, and corporatization are three keys to the Trump administration’s infrastructure initiative released as a part of its 2018 budget. The plan will “seek long-term reforms on how infrastructure projects are regulated, funded, delivered, and maintained,” says the six-page document. More federal funding “is not the solution,” the document says; instead, it is to “fix underlying incentives, procedures, and policies.”In building the Interstate Highway System, the fact sheet observes, “the Federal Government played a key role” in collecting and distributing monies to “fund a project with a Federal purpose.” Since then,...
  • Public-Private Partnerships Will Not Save U.S. Infrastructure

    05/23/2017 1:09:11 AM PDT · by Tolerance Sucks Rocks · 20 replies
    StreetsBlog USA ^ | May 17, 2017 | Stephen Miller
    This week, while Donald Trump ensnares himself in the most serious threat to his presidency to date, Congress is, to some extent, continuing with the typical business of government. A series of hearings during “Infrastructure Week” are focusing on the administration’s rumored infrastructure plan.Although the White House has been talking up private infrastructure investment as a replacement for public funding, a panel of experts told Congress that, even with perfectly executed public-private partnerships, the federal government still needs to provide its own support — especially for projects, like transit lines, that aren’t guaranteed to generate toll revenue for profit-seeking investors.This...
  • Flush with highway cash, Texas still looking for toll options

    04/26/2017 5:16:58 AM PDT · by Tolerance Sucks Rocks · 18 replies
    The Houston Chronicle ^ | April 21, 2017 | Dug Begley
    Texas is spending record amounts on transportation, but lawmakers worried it is not enough are considering extending a controversial program that’s helped spread tollways through some of the state’s largest areas. A bill approved this week by a House committee would give the Texas Department of Transportation a chance to add six additional projects, including the widening of Interstate 45 north of I-10 and a long-planned Hempstead Tollway, meant to relieve traffic on U.S. 290 with the potential for a commuter rail corridor. The bill, by state Rep. Larry Phillips, R-Sherman, would also allow TxDOT or regional officials the chance...
  • Democrats bristle at Trump infrastructure plans

    04/16/2017 8:10:17 AM PDT · by Tolerance Sucks Rocks · 19 replies
    ABC 7 News ^ | April 6, 2017 | Joan Lowy (Associated Press)
    WASHINGTON (AP) - Democrats had hoped the one big policy area they could find common ground with President Donald Trump on was infrastructure, but they don't like what they're hearing from administration officials about the transportation portion of the plan that's still in the works. Trump has promised to generate $1 trillion in infrastructure spending over 10 years. With two of his other top campaign pledges in trouble - an effort to repeal and replace the Obama administration health care law has failed so far, and without savings to the government from health care changes there may not be enough...
  • Trump Building Plan: How One Public-Private Deal Hit a Bumpy Road

    04/12/2017 10:10:09 PM PDT · by Tolerance Sucks Rocks · 12 replies
    NBC News ^ | April 5, 2017 | Jane C. Timm
    Texas had high hopes for the southern segments of SH 130, a 41-mile stretch of the high-speed toll road east of San Antonio. The state had put off building that stretch of road until a pair of investors stepped forward and offered what sounded like a great deal: Texas would get a big check for turning the rights to build and operate the toll road over to a private entity, a move that would give the state a new highway and a share of the tolls. The state would own the road and rake in revenue, but wouldn't have to...
  • United States: The Plan For The Future Of American Infrastructure

    02/17/2017 4:55:24 AM PST · by Tolerance Sucks Rocks · 2 replies
    Mondaq ^ | February 13, 2017 | Richard P. Puttré, Eric W. Sedlak, Kevin J. McIntyre, Isel M. Perez and James F. Channing
    A Look Into the Opaque Crystal Ball for Infrastructure Initiatives in the First 100 Days of the Trump Administration President Donald J. Trump's "America's Infrastructure First" plan is one of the Trump Administration's priorities during his first 100 days in office. Throughout the campaign, President Trump heralded his plan to build and restore highways, tunnels, airports, bridges, and water systems across America and promised a $1 trillion investment in the infrastructure sector over a 10-year period. Leaders from both parties acknowledge the nation's deteriorating infrastructure, and there have been expressions of support from both sides of the aisle for some...
  • Trump and Congress can jumpstart improvements to interstate highways in Southern California

    02/15/2017 7:38:04 AM PST · by Tolerance Sucks Rocks · 27 replies
    The Orange County Register ^ | February 5, 2017 | Robert Poole
    President Trump has promised to eliminate regulations and rebuild the nation’s aging infrastructure. Federal agencies are awash with regulations and provisions based on the presumption that government is, and should be, the sole provider of infrastructure. But now that we understand the merits of public-private partnerships, which can provide more accountable public-purpose infrastructure, these numerous regulations and provisions serve as major obstacles preventing the improvement of highways and other infrastructure. Back in 1995, Reason Foundation published a policy study itemizing a number of these regulatory barriers. Sadly, most of them still exist today. If a state or municipal facility has...