| Abstract: | Faced with a lack of funds to repair and construct transportation infrastructure, countries around the globe are increasingly turning to privatization as a solution. The idea has been around for a while, particularly in Europe. France, for example, has relied on private funding for more than 3,000 miles of intercity highways since World War II. Now, following Europe's lead, the U.S. and countries in Asia and Latin America are also looking to investors to help rebuild and refurbish transportation grids that simply can't meet the needs of growing populations. With a crumbling transportation infrastructure built largely in the mid-20th century, the U.S. alone faces a funding shortfall of more than $1.5 trillion for repairs in the next half-decade, according to
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| Brief Excerpt: | RESEARCH Ratings Definitions How Public-Private Partnerships Could Pave The Way For Global Infrastructure Upgrades Publication date: 29-Oct-2008 Credit Market Services: David Wyss, Chief Economist, New York (1) 212-438-4952; david_wyss@standardandpoors....
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| Report Type: | Commentary
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| Sector: | Aerospace & Defense, Asset-Backed Securities, Corporations, Financial Institutions, Global Issuers, Insurance, International Public Finance, Public Finance, Sovereigns, Structured Finance, Utilities
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