Hurting Economy Could Expand Privatization of Infrastructure

As the economy continues to struggle, many expect governments to increasingly look at privatizing roads and other infrastructure.

1 minute read

August 11, 2008, 11:00 AM PDT

By Nate Berg

"Cash-strapped U.S. state and city governments are likely to sell or lease more highways, bridges, airports and other assets to investors desperate for stable returns after being frazzled by the credit crisis."

"The trend is set to pick up speed given worsening budget deficits in state capitals and city halls nationwide."

"The latest enthusiasm for at least partially privatizing infrastructure assets came on July 30 from New York Gov. David Paterson, who is trying to plug a budget deficit caused in part by lower tax revenue as Wall Street retrenches."

"'We're just looking at ways to be more efficient and that's why I used the term public-private partnerships -- trying to find some creative solutions,' Paterson said. 'The reason I'm avoiding taxes is because I think taxes are addictive.'"

FULL STORY: Roads, airports on the block as budgets tighten

Friday, August 8, 2008 in Reuters

Government / Politics Infrastructure United States Privatization

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.