Word: skyways
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...traditionally associated with supplying its services to a government agency.” A recent report by the GAO provides examples of PPPs for highway infrastructure in the U.S., and highlights those which involve the management of an existing entity—such as the lease of the Chicago Skyway to a private entity for $1.83 billion or the lease of the Indiana Toll Road for $3.85 billion—as well as those which involve bidding out contracts to build and operate new toll roads, such as the part of the Trans-Texas Corridor which calls...
...There's no paved runway on the ice cap, just a groomed, flat snow path, and the planes don't use landing gear but giant skis. That can make takeoff tricky, if snow has melted and stuck to the skis. After dropping us off, our plane taxied around the skyway for more than an hour trying to reach escape velocity, and finally had to dump 3,000 lbs of garbage it was meant to ferry back from NEEM...
...deals, common in Europe for decades, got jump-started in the U.S. in 2005 when Chicago enriched its treasury by $1.8 billion by selling a 99-year lease of the Chicago Skyway to Spanish roads operator Cintra and Australian bank Macquarie. At about the same time, Texas bagged $1.2 billion to let a Cintra-led consortium build the first part of the Trans-Texas Corridor and collect tolls on it for 50 years. In 2006 Indiana signed a 75-year lease for the 157-mile (253 km) Indiana Toll Road in exchange for $3.8 billion, funding the state's transportation...
Money from the private sector could help fill that gap, but there is more than one way to get it. Deals like the Chicago Skyway and Indiana Toll Road, which lease existing assets, may tap the private sector's operating prowess and political immunity in raising tolls, but critics see them as long-term mortgages to solve short-term fiscal problems. "People are giving public-private partnership a bad name by running around the countryside trying to entice cash-strapped states and municipalities to participate in these monetizations," says Tim Carson, vice chairman of the Pennsylvania Turnpike commission...
That might not be easy. Sometimes a bridge collapses for glaringly obvious reasons - being whacked by a barge, for example. That's what knocked down Florida's Sunshine Skyway bridge in 1980, killing 35 people, and the I-40 bridge near Webbers Falls, Oklahoma, in 2002, killing 14, and a causeway in Louisiana in 1964, killing...