By Linda Longton, Editor
llongton@rrpub.com

We are at the crossroads of an infrastructure crisis: Congestion costs our economy billions annually, roads and bridges need repair, our highway fund is nearly bankrupt and earmarked pet projects get funded while major truck routes go ignored.

When it comes to the future of our nation’s highways, the status quo no longer delivers, a fact that has many states taking matters into their own hands. This past summer, Indiana leased its toll road to an Australian-Spanish consortium for 75 years and $3.85 billion, and will use the cash to fund road improvements throughout the state. Many Hoosiers opposed giving control of a state asset to foreign investors and questioned how the proceeds would be spent.

Similar concerns last month prompted the Owner-Operator Independent Drivers Association and the American Trucking Associations, among others, to form a coalition opposing such public-private partnerships, also called P3s. Americans for a Strong National Highway Network seeks to “hold government accountable for ensuring financing is transparent, motivated by public good and dedicated to transportation purposes.”

Opposing new ideas is easy. Recommending viable alternatives is not. For example, ATA suggests funding road improvements through an increase in the fuel tax. While that might bring more money in, it would do nothing to cut through the grindingly slow and highly politicized process for allocating highway funds – not to mention actually building or repairing roads.

That’s the beauty of P3s. Indiana got its money up front and will use it over the next 10 years to fund more than 200 transportation projects – ones that wouldn’t have been possible without this partnership and that will improve the mobility of goods and people.