Displaying results 1 - 1 of 1
Results per page
10
25
50

Public-Private Partnership: A Means for Funding Highway Design and Construction Activities

Image
Date Created
1984-09
Description
In Minnesota, the present upturn in the economy and the state emphasis on attracting new and expanded development has generated increased growth. This in turn has placed more demands on existing highways and increased the demand for new transportation facilities. Recent Congressional and state legislative actions have increased the level of funding available for several public facility programs. However, backlogged needs and escalated costs continue to limit government's ability to finance and expedite the infrastructure improvements necessary to support new and expanded development. In response to this situation, many developers, local governments and state public service providers are actively pursuing cooperative public - private partnerships to finance needed infrastructure improvements and new facilities.