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第一段
1 .Listen to part of a lecture in a United States Government class.
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第二段
1 .We've been talking about the basic services and facilities that an economy needs to function,
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2 .roads, bridges, rail systems, water supplies, power grids, and so forth.
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3 .What we call infrastructure.
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第三段
1 .Now, traditionally much of a society's infrastructure, particularly the transportation infrastructure,
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2 .has been owned and operated by states, by governments.
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3 .But lately, local and state governments have started to consider and sometimes actually enter into various deals to privatize parts of their infrastructure, particularly in the transportation sector.
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第四段
1 .And why is this privatization happening?
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第五段
1 .Well, as you may know, in the 1950s and 60s there was a tremendous highway building boom.
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2 .Governments created a huge interlocking network of highways with associated bridges and tunnels.
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3 .But these facilities are getting old now and they're becoming more and more expensive to maintain,
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4 .very expensive actually.
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5 .Tolls and tax revenues don't often cover all the needed repairs.
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第六段
1 .So why don't the governments just raise tolls and taxes?
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第七段
1 .Well, that's not so simple.
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2 .Government officials are elected by voters and voters get upset when their taxes go up.
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3 .And as for highways tolls,
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4 .commuters especially don't like paying higher tolls,
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5 .merely proposing increases can damage political careers.
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第八段
1 .So there's tremendous pressure on governments to find other ways to maintain infrastructure assets.
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2 .One solution is to sell or lease a part of the infrastructure,
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3 .a toll bridge, a tunnel, something like that to a private company,
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4 .usually a company that specializes in this sort of thing.
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5 .The idea is that the company that buys or leases a bridge or a highway or whatever will find it easier to keep it in good repair.
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第九段
1 .That will make commuters happy.
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第十段
1 .Right, there could be better service.
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2 .Since they are not government entities,
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3 .private companies face less political resistance, say to raising tolls in order to provide that better service.
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4 .But besides that, there's another reason governments like these deals.
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5 .States often have trouble paying their bills and they can use money they get from selling or leasing a piece of infrastructure to balance their budgets.
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第十一段
1 .That all sounds good to me.
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第十二段
1 .It does sound good,
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2 .but a lot of people are very wary of privatizing pieces of infrastructure and rightly so.
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3 .For instance, in almost every case thus far,
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4 .the first thing private companies do is drastically raise user fees because they say,
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5 ."Oh, we must do critical maintenance that's gone undone for years and years.
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6 .And because we're a private company,
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7 .we can't use tax money to do it.
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8 .Our only option is raising tolls.
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第十三段
1 .But what's the impact on people who use a toll road to get to work?
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2 .What if a private owner doubles or triples the toll overnight?
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第十四段
1 .Uh, users would have to spend a higher percentage of their income on commuting.
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第十五段
1 .And depending on their income, that percentage could be significant.
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第十六段
1 .But if tolls went up, me, I'd just avoid the toll road and take smaller back roads where there aren't any tolls.
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第十七段
1 .That's a good point.
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2 .Secondary roads would become attractive to lots of other people too,
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3 .and private companies know this.
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4 .They also know that dramatic reductions in traffic would hurt their bottom line.
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5 .So market forces do play a role in keeping private companies from raising their tolls too much.
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6 .But the mere prospect of astronomical toll hikes is still alarming to governments when they think about selling or leasing parts of an infrastructure.
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第十八段
1 .Now, from a business standpoint,
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2 .infrastructure purchases can be great investments!
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3 .If a company buys or gets a long-term lease on a toll bridge from the government,
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4 .it's got an almost guaranteed steady source of revenue for years and years,
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5 .which means that if the company decides it wants to sell the bridge to another company, say ten years from now,
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6 .it'll have no problem finding a buyer.
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第一十九段
1 .But what if that buyer, this new owner, continues to charge a high toll but doesn't do the same amount of maintenance because they want to squeeze more money out of the asset!
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第二十段
1 .In that case, could the governments buy the asset back?
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2 .Well, to do that, it would have to raise money either by raising taxes or by selling bonds, both of which are politically sensitive.
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第二十一段
1 .So it's unclear in a practical sense whether these deals are truly reversible.
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