Financing Highways in the 21st Century

by Anthony R. Kane, Federal Highway Administration, United States,



Document Type: Proceeding Paper

Part of: Engineering 21st Century Highways

Abstract:

The Nation's sustained economic growth will depend heavily on productivity increases and efficient transport infrastructure is a key component. Future population and travel growth will continue to exacerbate the mounting levels of roadway congestion. Roadway investment requirements will greatly exceed trends in available revenue. Changing Federal and State roles will shift a larger burden to local governments. In addition to adding new capacity, greater use must be made of system and demand management. One such strategy is road pricing. Advances in automatic vehicle identification (AVI) technology and electronic toll collection should break the ground for future use of differential charges as a roadway management technique.

Subject Headings: Highways and roads | Highway and road management | Intelligent transportation systems | Financing | Tolls | Sustainable development | Federal government

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