Introduction to the Special Issue on Funding Transportation Infrastructure
There is growing concern around the world about insufficient capacity and poor condition of transportation infrastructure. Congestion on roads and at airports, bottlenecks at seaports and railway terminuses, the dilapidated state of highways and other problems are mounting. Traditional revenue sources such as property and fuel taxes are unlikely to suffice in the future either to pay for adequate maintenance or to fund investments in new and improved infrastructure. Shortages of funds, and increasing support for the user pays principle, are behind calls to give an increased role to user charges such as highway tolls and airport fees related to congestion and other user-imposed costs. And the private sector is increasingly being called upon to help design, finance, build, operate and maintain infrastructure -- often through Public Private Partnerships.
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9748, National Bureau of Economic Research, Inc.
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Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
- Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743.
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