The Road to Renewal: What others are saying
This is the best and most insightful book yet on the role that private investment can and should play in transportation infrastructure. It addresses common concerns and misconceptions about public-private partnerships, using sound economic thinking and empirical data, a combination that is hard to beat.
Robert Poole, Director of Transportation Policy, Reason Foundation
Rick Geddes book is a compelling argument for a new approach to road financing in America. It makes a powerful case for road service providers to charge directly for road use in the same way telephone or electricity or airlines charge customers directly for use of their service. Road use charges should be varied according to the scarcity of road space, the vehicle type and costs imposed. Geddes argues persuasively that investment in infrastructure will be better directed and roads better managed with prices providing a direct link between motorists as customers and road managers. Our present system of funding through gasoline and diesel fuel taxes is fundamentally flawed, Geddes argues. He recommends road funding and management through toll collecting public private partnerships as a way to give America the top quality, responsive and well-funded road transportation system it needs. The book is timely given the public disgust with "pork barrel roads" and "bridges to nowhere." It lays out a new and hopeful way forward.
Peter Samuel, editor TOLLROADSnews
Dr. Geddes' book, The Road to Renewal - Private Investments in the U.S. Transportation Infrastructure, provides the best, most comprehensive resource to date about how we can attract private investment to help meet U.S. infrastructure needs. At this critical time when traditional public sources of revenue are insufficient and unsustainable, this book is a must read for those of us who seek to provide funding for America's transportation system now and into the future.
Mary E. Peters, Mary E. Peters Consulting Group, LLC