Following the 2011 ban on earmarks for federal infrastructure projects, the responsibility of prioritizing between federally supported infrastructure projects was effectively transferred to the Executive Branch. In their recent policy paper, GPC authors review methods used by federal agencies in the US, Canada and Austrailia to prioritize between competing infrastructure projects. Their paper was published as part of a series commissioned by the Farm Foundation on issues associated with a potential federal investment initiative in rural infrastructure improvements. In their paper, Infrastructure Project Prioritization in Theory and Practice,GPC’s Michael Bennon and Rajiv Sharma examine the use of benefit-cost analysis and other methods to evaluate and prioritize between federal infrastructure projects.
Their paper is one of six commissioned as part of the workshop, Economic Returns to Rural Infrastructure Investment, which took place April 10–11, 2018, in Washington, D.C. To learn more, read the full paper here.