From the press release:
A new report on Virginia’s Public-Private Transportation Act (PPTA), under which billions of taxpayer dollars are being spent and decades of substantial tolls imposed, warns that the Act lacks adequate safeguards to protect the public interest. While the number of PPTA projects has risen sharply, allowing private entities to partner with the state or localities on transportation projects, the report details how the PPTA has centralized decision-making, limited information given to the public, and often resulted in deals that allow private entities to earn high returns with little risks.
The report, An Analysis of the Virginia Public-Private Transportation Act of 1995, provides a comprehensive analysis of the PPTA. It was prepared for the Southern Environmental Law Center by Jim Regimbal, a consultant with Fiscal Analytics, Ltd. and a former staff member to the Senate Finance Committee who has over 30 years of experience in state policy analysis. The report examines the PPTA’s history and process, and highlights two recent PPTA projects for in-depth analysis (the I-495 Express Lanes in Northern Virginia and the Downtown Tunnel/Midtown Tunnel/MLK Extension in Hampton Roads). The study also analyzes the substantial policy issues the Act raises and offers practical recommendations for reform.