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Commentary

Will Trump’s Infrastructure Plan Help Florida?

Florida has pretty good infrastructure, but also very rapid economic, population, and tourism growth. So it needs a lot more infrastructure.  With Trump promising a major federal infrastructure initiative with a big reliance on public-private partnerships, I wrote a column exploring some of the implications for Florida.

Globally and in several dozen U.S. projects, P3s have an impressive track record with benefits including:

• Major investments much sooner, thanks to ready access to capital;

• A demonstrated track record of largely on-time completion;

• Innovation that reduces costs and/or improves performance;

• Lower life-cycle cost, since projects are designed to be efficiently maintained;

• Transfer of major risks (cost overruns, traffic shortfalls, etc.) from taxpayers to investors.

While much of our infrastructure continues to deteriorate, the United States continues to miss out on much of these benefits. In transportation alone, $160 billion of P3 projects have happened in Canada, Europe, Latin America and the United States in the past five years. But only 12.5% of that has been in this country. Trump’s infrastructure plan aims to reduce the federal barriers that make it difficult or expensive to do such projects here.

Fortunately, Florida is already a national leader in the successful use of P3s. Pew Charitable Trusts put together the accompanying map based on data from the National Conference of State Legislatures. It shows Florida has one of the most constructive legal frameworks for P3s in the nation. That framework covers housing, water and transportation projects, and enables cities, counties and school boards to use P3s as well.

Read the rest here.

Adrian Moore

Adrian Moore, Ph.D., is vice president of policy at Reason Foundation, a non-profit think tank advancing free minds and free markets. Moore leads Reason's policy implementation efforts and conducts his own research on topics such as privatization, government and regulatory reform, air quality, transportation and urban growth, prisons and utilities.

Moore, who has testified before Congress on several occasions, regularly advises federal, state and local officials on ways to streamline government and reduce costs.

In 2008 and 2009, Moore served on Congress' National Surface Transportation Infrastructure Financing Commission. The commission offered "specific recommendations for increasing investment in transportation infrastructure while at the same time moving the Federal Government away from reliance on motor fuel taxes toward more direct fees charged to transportation infrastructure users." Since 2009 he has served on California's Public Infrastructure Advisory Commission.

Mr. Moore is co-author of the book Mobility First: A New Vision for Transportation in a Globally Competitive 21st Century (Rowman & Littlefield, 2008). Texas Gov. Rick Perry said, "Speaking from our experiences in Texas, Sam Staley and Adrian Moore get it right in Mobility First." World Bank urban planner Alain Bartaud called it "a must read for urban managers of large cities in the United States and around the world."

Moore is also co-author of Curb Rights: A Foundation for Free Enterprise in Urban Transit, published in 1997 by the Brookings Institution Press, as well as dozens of policy studies. His work has been published in the Wall Street Journal, Los Angeles Times, Boston Globe, Houston Chronicle, Atlanta Journal-Constitution, Orange County Register, as well as in, Public Policy and Management, Transportation Research Part A, Urban Affairs Review, Economic Affairs, and numerous other publications.

In 2002, Moore was awarded a World Outsourcing Achievement Award by PricewaterhouseCoopers and Michael F. Corbett & Associates Ltd. for his work showing governments how to use public-private partnerships and the private sector to save taxpayer money and improve the efficiency of their agencies.

Prior to joining Reason, Moore served 10 years in the Army on active duty and reserves. As an noncommissioned officer he was accepted to Officers Candidate School and commissioned as an Infantry officer. He served in posts in the United States and Germany and left the military as a Captain after commanding a Heavy Material Supply company.

Mr. Moore earned a Ph.D. in Economics from the University of California, Irvine. He holds a Master's in Economics from the University of California, Irvine and a Master's in History from California State University, Chico.