Title: Private-Sector Toll Roads are More Appealing - and Riskier
Abstract: In this article, the authors discuss the differences between private and public sector-operator toll roads. Although many investors are extolling the virtues of privately run toll roads, this article asserts the increased risk with such a management style. One such factor involved is the duration of the private contract, often times being either too short or too long. Another factor is the differential interests between the private sector and public sector. Since roadways are designed for public use, private-sector management may have conflicting agendas with the public agency that has contracted them. One such entanglement has been encountered in Indiana, although the situation has ended up in budget windfalls against the state’s former predictions.
Publication Year: 2006
Publication Date: 2006-04-10
Language: en
Type: article
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