The Decisive Role of Project Funding
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.
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