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Starting the Transition to Per‐Mile Charging

Most transportation professionals are persuaded that paying for America’s highways via per-gallon fuel taxes is not sustainable much longer. While the transition to electric vehicles has slowed somewhat, hybrids increasingly contribute to lower fuel-tax revenues, and federal new-car mpg requirements are now the largest factor in projected decreases in gas-tax revenues. Over the past nine […]

UK Water Commission Report: Where Regulation Went Awry

The United Kingdom’s privatized water industry is in a shambles. On the bright side, its government created a commission to sort out why. That Independent Water Commission led by Sir Jon Cunliffe completed its inquiry this summer, and this is the third of a series of articles diving into its 464-page report and dozens of […]

Crunch Financing Deadline for Brightline West in November

Brightline West, the company developing a 218-mile high-speed rail line between Rancho Cucamonga, California and Las Vegas, is facing a crunch financing deadline in November on a $2.5 billion Private Activity Bond (PAB) issuance from earlier this year. The project bonds included a 270-day deadline to either complete the project’s capital structure or face a […]

Exploring Interactions Among PPP Institutional Variables Along Market Maturity Levels

Study by John Salazar and Petr Matous It is widely recognised that institutional quality is an important determinant of the success of PPPs.  Institutions including political, legal and public sector environments are crucial to attracting private investment and ensuring PPPs are legitimately governed. This paper conducts an in-depth study of the institutions that influence PPP […]