Financing Tomorrow's Infrastructure: Challenges and Issues: Proceedings of a Colloquium (1996)
Chapter: FRONT MATTER
NOTICE: The Board on Infrastructure and the Constructed Environment (BICE) is a continuing activity of the National Research Council (NRC) and advises the executive and legislative branches of government and the private sector on questions of science, technology and public policy related to above ground and underground construction; public facilities; infrastructure systems and services; the relationship between the constructed and natural environments and their interaction with human activities; and related issues of planning, design, construction, management, and use of the built environment.
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Funding for this activity was provided through an agreement between the National Academy of Sciences and the National Science Foundation, Award number CMS-9505733, the U.S. Department of Commerce/Economic Development Administration, Award number 99-07-13779, the U.S. Department of Commerce/National Institute of Standards and Technology, Award number 43NANB510831, the National Science Foundation, Award number CMS-9633297, and the U.S. Department of Commerce/National Institute of Standards and Technology, Award number 43NANB611071.
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BOARD ON INFRASTRUCTURE AND THE CONSTRUCTED ENVIRONMENT
GEORGE BUGLIARELLO (chair)
Polytechnic University, Brooklyn, New York
Members
CATHERINE BROWN
University of Minnesota, Minneapolis
NANCY RUTLEDGE CONNERY
Public Works Infrastructure, Woolwich, Maine
LLOYD A. DUSCHA Consulting Engineer,
Reston, Virginia
ALBERT A. GRANT Consulting Engineer,
Potomac, Maryland
SUSAN E. HANSON
Clark University, Worcester, Massachusetts
E. R. HEIBERG III
Heiberg Associates, Inc., Mason Neck, Virginia
RONALD W. JENSEN
City of Phoenix, Arizona
JAMES K. MITCHELL
Virginia Polytechnic Institute, Blacksburg
GARY T. MOORE
University of Wisconsin, Milwaukee
HAROLD J. PARMELEE
Turner Construction Company, New York, New York
STANLEY W. SMITH Consultant,
McLean, Virginia
RAYMOND L. STERLING
Louisiana Tech University, Ruston, Louisiana
CETS Liaison Representatives
SAMUEL C. FLORMAN
Kreisler Borg Florman Construction Company, Scarsdale, New York
DEBORAH A. WHITEHURST
Arizona Community Foundation, Phoenix
ROBERT V. WHITMAN
Lexington, Massachusetts
Staff
RICHARD G. LITTLE, Director,
Board on Infrastructure and the Constructed Environment
LYNDA STANLEY, Director,
Federal Facilities Council
SUSAN K. COPPINGER, Administrative Assistant
LENA B. GRAYSON, Program Assistant
Foreword
The mission of the Board on Infrastructure and the Constructed Environment (BICE) is advise the government and private sector on matters within the scope of its charter that are of national interest. The national infrastructure is an essential underpinning of our economy and quality of life and is a source of both serious problems and opportunities. BICE is committed to reaching out to all parts of the infrastructure community by fostering a dialogue among experts from various fields to identify issues and contribute to their resolution.
There are two basic issues concerning the infrastructure: how to make the infrastructure more efficient and affordable and how to finance it. The first issue was the subject of a colloquium held on March 24, 1995, that was focused on the challenges of providing future infrastructure in a changing and unfamiliar environment. The proceedings of that colloquium, The Challenges of Providing Future Infrastructure in an Environment of Limited Resources, New Technologies, and Changing Social Paradigms, are available from the National Research Council.
The second issue—how to finance the infrastructure—is particularly critical at this moment because federal appropriations are, at best, going to remain at current levels, but will probably decrease. Thus it will fall more and more to state and local governments and members of the private sector to come up with innovative and creative ways to address this critical issue.
This publication represents the proceedings of a colloquium, held on October 20, 1995, at the National Academy of Sciences, entitled Financing Tomorrow's Infrastructure: Challenges and Issues. The colloquium was an attempt to explore these issues in a social, political, and financial context, to examine models for successfully financing infrastructure projects, and to discuss new and innovative ways of dealing with contemporary realities.
The opinions presented herein are solely those of the authors of the colloquium papers and do not represent the opinions or position of the Board on Infrastructure and the Constructed Environment, the National Research Council, or the National Academy of Sciences. These proceedings are offered by BICE as part of a series of outreach activities for discussing critical infrastructure issues.
Contents
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OVERVIEW |
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BALANCING PRESENT COSTS AND FUTURE BENEFITS |
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INFRASTRUCTURE CHALLENGES AND ISSUES: A PANEL |
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DOMESTIC AGENDA |
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INTERNATIONAL PERSPECTIVE |
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CURRENT ISSUES IN INFRASTRUCTURE FINANCE |
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TECHNOLOGY, INFRASTRUCTURE, AND COMPETITIVENESS IN A NATIONAL INNOVATION SYSTEM |
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FUTURE OF INFRASTRUCTURE FINANCE |
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DULLES GREENWAY: PRIVATE PROVISION OF TRANSPORTATION INFRASTRUCTURE |
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FLEXIBILITY IN INFRASTRUCTURE FINANCE |
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PERSPECTIVE OF THE INVESTMENT COMMUNITY |
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SOLUTIONS FOR LOCAL GOVERNMENT |
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