ABSTRACT
Roads are extremely productive assets. The value they provide for users is large even compared to the excessive costs incurred due to the repeated pattern of binge and bust that characterize public funding of roadways. Roads can and should be treated as profit making assets. Economics provides the motive for doing so and modern technology provides the means for a conversion from a financially ill public ownership to a healthy private ownership. In this chapter, I will endeavor to portray a new way of analyzing roadway finance as a step toward persuading policymakers to make changes that can harness the powerfully stimulating incentives of the marketplace to help us get better value from our roadway investments.
