States eye private investment to fix highway mess

04/3/2008 | Forbes

Road repairs are causing political headaches from coast to coast as cash-strapped governments search for ways to pave over highways while glossing over the cost to taxpayers. Tolls and gas taxes both raise the ire of voters, so lawmakers increasingly are looking to public-private partnerships to solve the funding crisis. Several big investment banks have billion-dollar funds for infrastructure projects, and such iconic roadways as the Pennsylvania Turnpike could eventually be privatized.

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