The Decisive Role of Project Funding

  • Joseph Berechman


A voluminous literature has been written on the topic of transportation funding. This literature has dealt mainly with the rapidly growing discrepancy between infrastructure investment, maintenance and operation needs on the one hand, and funding on the other. It dwells on the underlying causes of the gap created by the scarcity of funds as well as the gap’s grave effects on system performance but also on various potential sources of funding while arguing their relative merits and shortcomings. The inability to secure a steady source of adequate funding has undoubtedly furthered the deterioration of existing facilities as well as made long-term planning and system development an increasingly frustrating undertaking.


  1. Aggarwala, R. 2014. Why High Fares Would Be Good for Public Transit. Atlantic CityLab.
  2. American Society of Civil Engineers (ASCE). 2013. Report Card for America’s Infrastructure.
  3. Berechman, J. 2009. The Evaluation of Transportation Investment Projects. New York: Routledge.Google Scholar
  4. Berechman, J., and R. Paaswell. 2005. Evaluation, Prioritization and Selection of Transportation Investment Projects in New York City. Transportation 32 (3): 223–249.CrossRefGoogle Scholar
  5. Besley, T., and S. Coate. 2003. Centralized Versus Decentralized Provision of Local Public Goods: A Political Economy Approach. Journal of Public Economics 87: 2611–2637.CrossRefGoogle Scholar
  6. Boardman, A., M.A. Moore, and A.R. Vining. 2010. The Social Discount Rate for Canada Based on Future Growth in Consumption. Canadian Public Policy xxxvi (3): 323–341.Google Scholar
  7. Caro, R. 1975. The Power Broker, Robert Moses and the Fall of New York. New York: Vintage.Google Scholar
  8. Cervero, R., F. Dunphy, M.M. Dock, D. Porter, and C. Swenson. 2004. Developing Around Transit: Strategies and Solutions That Work. Washington, DC: Urban Land Institute.Google Scholar
  9. De Borger, B., and S. Proost. 2012. Transport Policy Competition Between Governments: A Selective Survey of the Literature. Economics of Transportation 1: 35–48.CrossRefGoogle Scholar
  10. de Rus, G., and M. Socorro. 2010. Infrastructure Investment and Incentives with Supranational Funding. Transition Studies Review 17 (3): 551–567.CrossRefGoogle Scholar
  11. Derrick, P., R. Paaswell, and D. Petretta. 2012. Transportation Policy and Politics in New York State. In Oxford Handbook of New York State Government and Politics, ed. G. Benjamin. New York: Oxford University Press.Google Scholar
  12. Giuliano, G. 2007. The Changing Landscape of Transportation Decision Making. Transportation Research Record 2036: 5–12.CrossRefGoogle Scholar
  13. Goldman, T., and M. Wachs. 2003. A Quiet Revolution in Transportation Finance: The Rise of Local Option of Transportation Taxes. Transportation Quarterly 57 (1): 19–32.Google Scholar
  14. Hirschman, I., J. Berechman, C. McKnight, J. Pucher, and R. Paaswell. 1995. Bridge and Tunnel Toll Elasticities in New York: Some Recent Evidence. Transportation 22 (22): 97–113.CrossRefGoogle Scholar
  15. Kappeler, A., and M. Nemoz. 2010. Public-Private Partnerships in Europe, Before and During the Recent Financial Crisis. Economic and Financial Report.
  16. Ke, Y., S.Q. Wang, and A.P.C. Chan. 2010. Risk Allocation in Public-Private Partnership Infrastructure Projects: A Comparative Study. Journal of Infrastructure Systems 16: 343–351.CrossRefGoogle Scholar
  17. Levinson, D. 2001. Why States Toll – An Empirical Model of Finance Choice. Journal of Transport Economics and Policy 35 (2): 223–238.Google Scholar
  18. Litman, T. 2013. Local Funding Options for Public Transit. Paper 13-3125, Transportation Research Board Annual Meeting, Washington, DC.Google Scholar
  19. Mwangi, K., D. Lee, and R. Tollison. 1990. Efficient Lobbying and Earmarked Taxes. Public Finance Review 18 (1): 104–113.CrossRefGoogle Scholar
  20. Nash, C., and B. Matthews. 2013. Transport Pricing and Subsidy. In Handbook of Transport Studies, ed. Jean-Paul Rodrigue, Theo Notteboom, and Jon Shaw. Thousand Oaks, CA: Sage.Google Scholar
  21. Nobbe, P., and J. Berechman. 2014. The Politics of Infrastructure Investment Decision-Making: Report of the Statistical Analysis of Selected Hypotheses. University Transportation Research Center Region 2, CCNY, CUNY, Final Report.Google Scholar
  22. Proost, S., F. Dunkerley, S. Van der Loo, N. Adler, J. Bröcker, and A. Korzhenevyc. 2010. Do the Selected Trans European Transport Investments Pass the Cost Benefit Test? Discussion Paper 10.02, Leuven, Belgium, KULeuven, Center for Economic Studies.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Joseph Berechman
    • 1
  1. 1.City College of New YorkUniversity of New YorkNew YorkUSA

Personalised recommendations