Publications

- June 1, 2021: Vol. 14, Number 6

To read this full article you need to be subscribed to Institutional Investing in Infrastructure

Renewal of U.S. transportation infrastructure: Bridging private capital into public transportation infrastructure

by Clive Lipshitz and Ingo Walter

The following article is the final part of a three-part feature series based on the recent report — Planes, Trains and Automobiles: Renewal of U.S. Transportation Infrastructure. The full report with footnotes and references is available at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3792493

If most transportation infrastructure is owned by the public-sector and there is adequate and cheap public sector capital — whether through local, state or federal sources — why does the American Society of Civil Engineers award U.S. transportation infrastructure a near-failing grade? Why does it estimate a 20-year investment gap of $1.5 trillion for highways and bridges and of $535 billion for transit and intercity rail? Moreover, why are there concerns with the adequacy of funds to pay for the annual capital expenditures of up to $29 billion at America’s airports?

Governments are loath to cede control over prized infrastructure assets. And yet, g

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.