Book Description

The private sector is increasingly involved in financing and operating highway facilities under long-term concession agreements. In some cases, this involves new facilities; in other cases, firms operate and maintain an existing facility for a period of time in exchange for an up-front payment to the public sector and the right to collect tolls over the term of the agreement. In Feb. 2008 there was a report on: (1) the benefits, costs, and trade-offs of highway public-private partnerships (HPPP); (2) how public officials have identified and acted to protect the public interest in these arrangements; and (3) the fed. role in HPPP and potential changes in this role. This Congressional testimony on this report highlights a discussion of tax issues. Includes recomm.