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A Level Financial Playing Field For P3 Projects(Comments Off)

February 4, 2015

One of the perennial arguments raised against long-term public-private partnerships (P3s) for transportation infrastructure is that the financing cost will be higher, because revenue bonds issued by the private sector carry higher interest rates, since the interest on those bonds is taxable. If the same project were carried out by a government toll agency, the […]

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The Case For Long-Term Concessions

Long-term contractual arrangements between a state DOT and a consortium of companies to design, build, finance, operate, and maintain a highway, bridge, or tunnel represent a major paradigm shift in how such projects are procured, operated, and maintained. So it’s not surprising that there is resistance to this dramatically different model. Frequently, resistance to a […]

Is Adding Highway Capacity Futile?

Some years ago, Anthony Downs of the Brookings Institution postulated that adding capacity to a congested highway leads to a “triple convergence” of responses: some drivers shift from other roads, some drivers shift from other times of day, and some commuters shift from other modes. The predictable result is that after some time interval, the […]

Vast Majority of Virginia Voters Have a Photo ID

Recent news reports incorrectly reported that over 400,000 registered voters in Virginia did not have photo ID that will be required in the upcoming election in November. The part of the article that was accurate was the fact that voters will be required to present a valid photo ID in order to vote in person. […]


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