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Abstract: The Shellpot Bridge: A Public/Private Partnership That Worked
Abstract
The Shellpot Bridge: A Public/Private Partnership That Worked
The Review of Network Economics
Vol. 7, Issue 1 - March 2008, pp 95 - 110
Authors
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Randolph R. Resor
United States Surface Transportation Board
E-mail: Randolph.Resor@stb.dot.gov
James R. Blaze
ZETA-TECH Associates, Inc., Cherry Hill, NJ
David W. Campbell
Delaware Transit Corporation, Wilmington, DE
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Abstract
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The Shellpot Bridge is a 536-foot swing bridge located on a rail freight bypass route around Wilmington, Delaware. When the bridge failed in 1994, Conrail, then the bridge's owner, elected not to repair it due to declining freight volume. The State of Delaware reached agreement with the new rail owner, Norfolk Southern Corporation, to provide funds to repair the bridge, with the railroad to pay tolls to repay the state's investment. Recent volumes of traffic over the bridge indicate that, if traffic continues at its current level, Delaware will realize an annual return of 9.75% on its investment.
Keywords: railroads, partnerships, government, infrastructure, investment, Delaware
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