How Efficient Is Highway Investment?

Economists debate the returns on highway investment.
May 21, 2004, 8am PDT | Abhijeet Chavan | @legalaidtech
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Economists write that "one dollar of annual highway spending reduces the annual congestion costs to road users only 8 cents." And "this is not a return on a one-time investment but a continuing expense; we have to keep spending that dollar to get the 8 cents."

Thanks to Jayashree Narayana

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Published on Thursday, May 20, 2004 in The New York Times
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