Macquarie’s toll-road pothole NY Torch

States and cities hoping to fill in budget gaps with cash-outs of future toll-road revenues and the like by handing revenue-generating assets over to private operators for up-front money may be sobered up by a report out yesterday from Australi...

Digesting the Ravitch report on MTA finances NY Torch

As promised, here are our articles in today's newspaper parsing the Ravitch report on how to fix the finances of the Metropolitan Transportation Authority: E.J. on "A Just Plain Terrible Tax Proposal" Me on the "Devilish MTA Details"...

The MTA’s next tax bite NY Torch

The Ravitch Commission is said to be mulling a payroll tax to help close large deficits faced by the state Metropolitan Transportation Authority (MTA).   Other elements of the package reportedly would include fare increases and the acquisition and ...

PPP perils NY Torch

India's current plight shows why it's not a good idea for any local or state government in America to think it can depend on private-public partnerships to fund its infrastructure construction projects once it's out of municipal-borrowing capacity (o...

Public-private-public partnerships? NY Torch

Swiss bank UBS has attracted $1.5 billion to its new global infrastructure fund. "John Fraser, chairman and chief executive office of the UBS AG's funds arm, said ... he was encouraged by the demand from long-term institutional investors, including p...