Thursday, March 08, 2007

Tolls can be inconvenient, but a new toll road is better than no new road:
Public-private toll road partnerships were rediscovered in France, Spain and Italy during the 1960s and '70s as the main method for building nationwide toll motorway systems.

The re-emergence of this model in the U.S. has been driven by a transportation system burdened with pork projects and funded by gas taxes that fail to keep up with construction and maintenance costs, let alone travel demand. From 1980 to 2000 highway travel increased 80% and the number of drivers rose by 30%, but highway capacity grew by just 2%. (Emphasis added.)

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