The Moving Ahead for Progress in the 21st Century Act (MAP-21) contains meaningful reforms that collectively represent a significant improvement in federal surface transportation law. For the most part, federal law directly on the subject of public-private partnerships saw little change of significance. Other federal laws, though not directly addressing PPPs, also affect the viability as a project financing mechanism. Changes to the TIFIA program and to federal tolling law that will markedly improve project finance via public-private partnerships were addressed in our ...
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