A private highway is a highway owned and operated for profit by private industry. Private highways are common in Asia and Europe; in addition, a few have been built in the United States on an experimental basis. Typically, private highways are built by companies that charge tolls for a period while the debt is retired, after which the highway is turned over to government control. This allows governments to fulfill immediate transportation needs despite their own budget constraints, while still retaining public ownership of the roads in the long term.
An obstacle to private highways is that government regulation can stifle price flexibility and introduce negotiation and paperwork requirements that increase operational expenses. In addition, private highways lack some advantages that governments have, such as sovereign immunity against liability for accidents and the ability to issue tax-exempt securities.
Free-market roads are advocated by libertarians, who consider them more efficient and safer than public roads.
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Famous quotes containing the words private and/or highway:
“Now, we deny not, but that politicians may sometimes abuse religion, and make it serve for the promoting of their own private interests and designs; which yet they could not do so well neither, were the thing itself a mere cheat and figment of their own, and had no reality at all in nature, nor anything solid at the bottom of it.”
—Ralph J. Cudworth (1617–1688)
“Off Highway 106
At Cherrylog Road I entered
The ‘34 Ford without wheels,
Smothered in kudzu,
With a seat pulled out to run
Corn whiskey down from the hills,”
—James Dickey (b. 1923)