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Bay City Commission Decides Privatizing Bridges

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It’s true that the US bridge infrastructure is in a bad state for a long time! For the growth and development of every country, transportation infrastructure matters a lot. Thus, whenever it needs improvement, it has to be on time. Sadly, the current state of bridge infrastructure in the United States is defunct and obsolete. The major reason for this situation is insufficient funds. Similarly, the two major bridges of the United States named Independence Bridge and Liberty Bridge need serious repairs. But, now the government has started privatizing bridges. Privatization means public-private partnership ! In this partnership, a public entity and a private entity work together to solve the infrastructure crisis of the country. Undoubtedly, it’s a great solution. With this partnership, the problem of funding will be resolved forever. Thus, many private bridge infrastructure companies have come forward and proposed to take charge of the reconstruction of bot...
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Advantages of Public Private Partnership A public-private partnership is also known as P3. It is a contract between a private entity and a governmental body that can be used to build, finance and operate projects, such as public transportation parks, networks, and convention centers. The goal of the public-private partnership is to provide public benefit, either a service or an asset. It is long-term and includes large organizations on the private side. A key attribute of such partnerships is that the private organization must take on a notable part of the risk. The contractually specified payment typically depends on performance. Generally, Public-private partnerships have a contract period of 25 to 30 years or can be longer according to the need of a project. United Bridge Partners is a major example of a public-private partnership. United Bridge Partners is one of the most trusted private transportation infrastructure company in the United States which invests pr...

Top 6 States with the Best Transportation Infrastructure in the United States

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How bad is America’s transportation infrastructure ? Really bad. This is the reason, why the American Society of Civil Engineers (ASCE) has given D+ grade to the United States. It is estimated by the U.S. Department of Transportation , that $1 trillion is required just to maintain the current infrastructure. It’s obvious, that America’s aging infrastructure should be a top priority. President’s goal is to cost up $200 billion in federal funding meant to encourage $1.5 trillion in overall investment from municipalities, states and private entities. Transportation Infrastructure is one of the most important categories for every country. These are the top 6 states that following the right route to success. 1. Texas Texas handles maximum America’s cargo than any other state. According to the U.S. Census Bureau, Texas handles approx. $2 trillion worth of commodities every year. Texas has only 1.6% deficient bridges. ·       ...

Public Private Partnership for Modernizing Infrastructure Policies

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The current situation of roads and bridges in America showcases many serious infrastructure problems that need to be addressed at the earliest. The government authorities do not have sufficient resources to finance infrastructure projects. The private sector therefore, needs to play a critical role in filling this huge gap between fund generation and execution of infrastructure plans. At this juncture, when governments are not able to raise sufficient funds, America’s infrastructure policies need complete makeover. They need to be modernized by various ways, one of which is through the acceptance of infrastructure capital from private bridge infrastructure companies for initiating long-pending infrastructure projects. There are many bridge infrastructure companies in the US that got these projects rolling and completed them on time, quite efficiently. The South Norfolk Jordan Bridge in Chesapeake is one such example. The bridge connects Portsmouth and Chesapeake and has won...