Management & Operations

Public-private partnerships reach record levels

Posted on July 23, 2008

The number of public-private partnerships in the U.S. transportation sector has soared to record levels in recent years and continues to climb, according to a new U.S. Department of Transportation study, announced by U.S. Transportation Secretary Mary E. Peters.

“This nationwide trend on the part of state and local governments is further proof that innovative approaches to financing and managing transportation are increasingly attractive compared to traditional tax and spend methods,” Secretary Peters said. “States and local governments across the country are recognizing public-private partnerships are an effective means to deliver transportation projects.”

The report found that more transportation public-private partnerships were completed over the last three years than in any other compatible time period in history. According to the report, more than 20 major highway and transit projects are currently being conducted in partnership with the private sector at various stages of development in the U.S.

A full copy of the report, “Innovation Wave: An Update on the Burgeoning Private Sector Role in U.S. Highway and Transit Infrastructure,” can be found at http://www.fhwa.dot.gov/ppp/dotpppreport071808.doc

View comments or post a comment on this story. (0 Comments)

More News

UTA's free-fare day adds 29K riders

The agency said the single-day ridership on FrontRunner commuter trains was up by 66% for a total of 30,016 boardings, while ridership on the TRAX light rail was up by 32%, for a total of 79,825 boardings.

Capital Metro selects new President/CEO

Randy Clarke has served as the VP, operations and member services, at the American Public Transportation Association since April 2016.

Berlin to offer sneakers with built-in transit pass

The sneakers will feature the unmistakable seat upholstery pattern featured on the city’s public transit fleet on the heel with the sneaker’s tongue featuring a fabric version of the annual BVG season ticket.

NJ Transit's Santoro resigns

Gov.-elect Phil Murphy will choose Santoro's successor.

Ill.'s Rockford Mass Transit District names new executive director

Michael Stubbe will be replacing Rick McVinnie, who has served as executive director for 25 of his 42 years with RMTD and will be retiring in 2018.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close