VACostCutting

Tuesday, October 07, 2008

Transportation trust fund fixes

Don't forget Delegate Saxman's "Question of the Day" from yesterday- what should be done to fix VITA?

And in other news, this interesting read over at the Reason Foundation from former Virginia Secretary of Transportation, Shirley Ybarra.

Temporary Fix for Transportation Trust Fund
States should look to private sector for help building, maintaining infrastructure
By Shirley Ybarra

States that take advantage of private sector resources will continue to provide improvements for the travelling public, despite budget woes. For example, the $1.4 billion high-occupancy toll (HOT) lanes project on Virginia Beltway was funded and the deal was finalized less than a year ago will continue on schedule. The Chicago Skyway and the Indiana Toll Road long-term lease deals, both public-private partnerships, will continue to accomplish their goals to deliver more service to the roads. The Pocahontas Parkway near Richmond, Virginia, which was completed 18 years ahead of schedule and is about to be extended to the Richmond Airport, needs no further state revenue support. Numerous projects in California, Florida and Texas provide further instances in which the private sector has taken the risk, built the project and will continue construction, operation and maintenance without turning to the states for additional monies.

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