Infrastructure: Rebuilding, Repairing and Restructing

INFRASTRUCTURE: REBUILDING, REPAIRING AND RESTRUCTURING......Page 3
CONTENTS......Page 7
PREFACE......Page 9
ISSUES AND OPTIONS IN INFRASTRUCTURE INVESTMENT*†......Page 11
CURRENT SPENDING ON INFRASTRUCTURE......Page 12
Transportation......Page 16
Utilities and Other Types of Infrastructure......Page 20
ECONOMIC RETURNS ON PUBLIC SPENDING FOR INFRASTRUCTURE......Page 21
Increase Federal Spending......Page 24
Improve the Cost-Effectiveness of Tax Expenditures......Page 25
Reduce the Cost of Providing Infrastructure......Page 26
Promote Reductions in Demand......Page 27
FINANCING INFRASTRUCTURE THROUGH ASPECIAL-PURPOSE ENTITY......Page 28
Options in Designing a Special-Purpose Entity......Page 29
Comparing Special-Purpose Entities and Other Methods for Financing Infrastructure......Page 30
Current Proposals......Page 31
PUBLIC–PRIVATE PARTNERSHIPS......Page 32
CAPITAL BUDGETING......Page 33
APPENDIX A: SPENDING OF RESEARCH AND DEVELOPMENT FOR EDUCATION......Page 36
APPENDIX B: OVERVIEW OF THE HIGHWAY TRUST FUND......Page 38
ENDNOTES......Page 41
BUDGETING FOR CAPITAL INVESTMENT, STATEMENT OF RUDOLPH G. PENNER, THE URBAN INSTITUTE, WASHINGTON DC, BEFORE THE U.S. HOUSE OF REPRESENTATIVES, COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE (JUNE 10, 2008)*†‡......Page 45
FUEL TAXES, TOLLS, AND CONGESTION FEES......Page 46
CAPITAL BUDGETING......Page 47
INFRASTRUCTURE BANKS......Page 48
PUBLIC-PRIVATE PARTNERSHIPS......Page 49
CONCLUSIONS......Page 50
REDRESSING AMERICA\'S PUBLIC INFRASTRUCTURE DEFICIT: TESTIMONY OF BERNARD L. SCHWARTZ BEFORE THE HOUSE COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE (JUNE 10, 2008)*†......Page 51
1. MAKE A LARGE DOWN PAYMENT ON OUR INFRASTRUCTURE DEFICIT AS PART OF A NEW ECONOMIC RECOVERY PROGRAM......Page 52
2. ESTABLISH A NATIONAL INFRASTRUCTURE BANK AND SUPPORTING REGULATION......Page 53
3. ESTABLISH A FEDERAL CAPITAL BUDGET......Page 55
TESTIMONY OF ALLEN D. BIEHLERTO THE HIGHWAYS AND TRANSIT SUBCOMMITTEE U.S. HOUSE TRANSPORTATION AND INFRASTRUCTURE COMMITTEE (JUNE 5, 2008)*†......Page 57
PUBLIC TRANSPORTATION......Page 62
FUTURE ISSUES......Page 63
Governments at all Levels Must Fund their share of the Repair Bill......Page 64
In the next authorization bill, Congress should authorize a thorough assessment of the Interstate and National Highway System corridors rehabilitation and reconstruction needs.......Page 65
TESTIMONY OF EVERETT M. EHRLICH BEFORE THE COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE U.S. HOUSE OF REPRESENTATIVES (JUNE 10, 2008)*†......Page 67
TOLLS......Page 68
A NATIONAL INFRASTRUCTURE BANK......Page 70
CONCLUSION......Page 71
REMARKS OF THE HONORABLE ROSA L. DELAURO TESTIMONY ON NIDA COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE (TUESDAY, JUNE 10, 2008)*†......Page 73
THE PROBLEM......Page 75
THE SOLUTION......Page 76
FUNDING......Page 77
FINANCING......Page 78
NEXT STEPS: WHAT DO WE DO FROM HERE?......Page 80
DECAYING INFRASTRUCTURE......Page 81
INCREASING CHALLENGES......Page 82
AMERICA HAS MET PAST CHALLENGES......Page 83
A NEW VISION FOR INFRASTRUCTURE INVESTMENT......Page 84
CONGRESSMAN KEITH ELLISON, STATEMENTB EFORE THE HOUSE TRANSPORTATION AND INFRASTRUCTURE COMMITTEE, HEARING ON FINANCING INFRASTRUCTURE INVESTMENTS (JUNE 10, 2008)*†......Page 85
STATEMENT OF THE HONORABLE KEN CALVERT BEFORE THE COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE HEARINGON \"FINANCING INFRASTRUCTURE INVESTMENTS\" (JUNE 10, 2008)*†......Page 87
TESTIMONY OF STEPHEN E. SCHLICKMAN, EXECUTIVE DIRECTOR FOR THE NORTHEASTERN ILLINOIS REGIONAL TRANSPORTATION AUTHORITY, BEFORE THE SUBCOMMITTEE ON HIGHWAYS, AND TRANSIT OF THE HOUSE COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE ON MAINTAINING OUR NATION’S HIGHWAY AND TRANSIT INFRASTRUCTURE (JUNE 5, 2008)*†‡......Page 91
WASHINGTON METRO AREA TRANSIT AUTHORITY – WASHINGTON DC......Page 96
MASSACHUSETTS BAY TRANSPORTATION AUTHORITY – BOSTON, MASSACHUSETTS......Page 97
CONCLUSION......Page 98
ENDNOTES......Page 99
STATEMENT OF THE HONORABLE LEO BOWMAN, COMMISSIONER, BENTON COUNTY, WASHINGTON ON BEHALF OF THE NATIONAL ASSOCIATION OF COUNTIES ON MAINTAINING THE NATION\'S HIGHWAY AND TRANSIT INFRASTRUCTURE BEFORE THE SUBCOMMITTEE ON HIGHWAYS AND TRANSIT HOUSE COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE (JUNE 5, 2008)*†......Page 101
LYNX — THE CENTRAL FLORIDA REGIONAL TRANSPORTATION AUTHORITY......Page 105
CONCLUSION AND RECCOMENDATIONS......Page 107
TRANSIT IN UTAH......Page 109
STRONG LOCAL AND FEDERAL SUPPORT......Page 110
Transportation Policy and Funding......Page 111
Simplify the Project Development Process......Page 112
Increase Current Capacity......Page 113
Technology......Page 114
MAINTAINING OUR NATION’S HIGHWAY AND TRANSIT INFRASTRUCTURE......Page 115
STATEMENT OF THE HONORABLE JAMES L. OBERSTAR, HEARING ON MAINTAINING OUR NATION’S HIGHWAY AND TRANSIT INFRASTRUCTURE, COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE, SUBCOMMITTEE ON HIGHWAYS AND TRANSIT (JUNE 5, 2008)*†......Page 119
STATEMENT OF THE HONORABLE PETER A. DEFAZIO, SUBCOMMITTEE ON HIGHWAYS AND TRANSIT, COMMITTEE ON TRANSPORTATION AND INFRASTRUCTURE, HEARING ON MAINTAINING OUR NATION\'S HIGHWAY AND TRANSIT INFRASTRUCTURE (JUNE 5, 2008)*†......Page 121
INDEX......Page 123