1 / 15

The Growing Importance of Public Private Partnerships in Meeting America’s Transportation Needs

The Growing Importance of Public Private Partnerships in Meeting America’s Transportation Needs. AASHTO Executive Director John Horsley Presentation to the ARTBA PPV Conference Washington, DC November 1, 2007. New Transportation Vision for the 21 st Century May 2007, Cambridge, Maryland.

hidi
Download Presentation

The Growing Importance of Public Private Partnerships in Meeting America’s Transportation Needs

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Growing Importance of Public Private Partnerships in Meeting America’s Transportation Needs AASHTO Executive Director John Horsley Presentation to the ARTBA PPV Conference Washington, DC November 1, 2007

  2. New Transportation Vision for the 21st CenturyMay 2007, Cambridge, Maryland • Partnering Organizations AASHTO AAA ACEC APTA ARTBA AGC ATA AAR • 17 Organizations Jointly Developed and Submitted Vision Report to National Commission

  3. Policy Priorities • Increase funding for core highway and transit programs and ensure solvency of Highway Trust Fund • Generate net new funding for strategic national investments from sources outside the Highway Trust Fund • Critical Commerce Corridors an excellent option to meet this objective

  4. Policy Priorities • Preserve the system • Aggressively invest in new transit and highway capacity • All levels of government – federal, state and local – must fund their share of the increase required

  5. Federal Highway Program Possible: with 3-Cent Fuels Tax Adjustment in 2009 with Additional 7-Cent Adjustment Through 2015 or Equivalent

  6. All Levels of Government Must Continue to Fund Their Share National Capital Investment in Highways (billions) 2010 2015 Funding New Toll Net Increase Revenue Required Needed Federal $43 $73 $30 $30 State/ $52 $87 $35 $8 $27 Local Total $95 $160 $65 $8 $57

  7. Tolling and Public Private Partnerships Playing an Increasing Role Chicago Skyway SR-125 San Diego Indiana Tollway I-95, I-495 Virginia TransTexas Corridor Tacoma Narrows Br.

  8. AASHTO’s Policy Position “Every state should be given all options possible in the areas of tolling and public private ventures so those states can determine for themselves what is in the best interests of their citizens.”

  9. Tolling and Public Private Partnerships Playing an Increasing Role Last 10 Years 150 miles per year of new expressways 30%-40% funded by tolls and PPVs Next 10 Years 50% to be funded by tolls and PPVs. Tolls revenues now 5% to grow to 7% of total highway revenues

  10. Backlash Has Set In • Congressional concerns • Texas moratorium • PA tolling of I-80 through PA Turnpike Authority • New Jersey Governor Corzine: “New Jersey’s roadways not to be sold or leased to a for-profit or foreign operator.”

  11. Increased Customer Focus • Hold down initial tolls to lowest rate possible • Protect customers from uncontrolled increases in future • “No Compete Clauses” more carefully drafted • PPVs and State DOT joint ventures share risk/share reward/protect customers

  12. Highway Pricing • Supported by: • Economists • Transit Advocates • Political appointees who will never again have to face the voters • Political leaders who will have to face the voters will demand: • Better deals • Better protection of the public

  13. PPVs are Vital • Public Private Venture financing of highway improvements is vital to meeting national needs • But, at best, it represents 10% of what is needed • Don’t oversell it to the detriment of sustaining Highway Trust Fund solvency

  14. Thank You http://www.transportation.org John Horsley Executive Director AASHTO

More Related