Ports and the Public-Private Partnership

Without their own dedicated federal funding, U.S. ports are often left to provide for themselves. More and more of them are turning to public-private partnerships.

"Unlike highways and the highway trust fund, ports do not have a dedicated source of federal funds. Historically, ports have relied on the revenues generated from operations, bonds supported by those revenues and a few government grants to keep their facilities up to date. Some state and local governments appropriate money from their budgets to support port improvements. Generally, however, ports are left to fund themselves."

"Recently, more and more ports have been turning to third-party investors to finance infrastructure modernization projects through public-private partnerships (PPPs). This change is due to both a lack of overall funding available given the demand for facility improvements and a growing number of private investors who see great potential for future returns on their investments in the nation's ports. As managing partner of the private infrastructure investment firm Highstar Capital, Christopher Lee puts it: 'Ports are going to be one of the first lines of the economy to turn when the environment improves. We want to be ahead of the competition.'"

Full Story: Port Privatization Trend Growing


Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.