Chapter 19
Cost Allocation for Infrastructure
Implementation
For an economy built to last we must invest in what will fuel
us for generations to come. This is our history – from the
Transcontinental Railroad to the Hoover Dam, to the
dredging of our ports and building of our most historic
bridges – our American ancestors prioritized growth and
investment in our nation’s infrastructure.
Cory Booker
Each generation makes its own accounting to its children.
Robert Kennedy
Proper accounting is like engineering. You need a margin of
safety. Thank God we don’t design bridges and airplanes the
way we do accounting.
Charlie Munger
Beware of little expenses. A small leak will sink a great ship.
Benjamin Franklin
Control your expenses better than your competition. This is
where you can always find the competitive advantage.
Sam Walton
The true cost to the world of a burger is far greater than the
money you hand over to buy it.
Richard Branson
In economics, one of the most important concepts is
“opportunity cost” – the idea that once you spend your money
on something, you can’t spend it again on something else.
Malcolm Turnbull
While it is very clear who should pay for a project when there only one beneficiary, it
is less obvious who bears what costs when there are several beneficiary organisations. Society expects that the polluter will pay to compensate for damages to the
environment. A corollary is that the beneficiary should pay for the benefits received.
© Springer Nature Switzerland AG 2021
V. Proag, Infrastructure Planning and Management: An Integrated Approach,
https://doi.org/10.1007/978-3-030-48559-7_19
535
Cost Allocation for Infrastructure
Implementation
For an economy built to last we must invest in what will fuel
us for generations to come. This is our history – from the
Transcontinental Railroad to the Hoover Dam, to the
dredging of our ports and building of our most historic
bridges – our American ancestors prioritized growth and
investment in our nation’s infrastructure.
Cory Booker
Each generation makes its own accounting to its children.
Robert Kennedy
Proper accounting is like engineering. You need a margin of
safety. Thank God we don’t design bridges and airplanes the
way we do accounting.
Charlie Munger
Beware of little expenses. A small leak will sink a great ship.
Benjamin Franklin
Control your expenses better than your competition. This is
where you can always find the competitive advantage.
Sam Walton
The true cost to the world of a burger is far greater than the
money you hand over to buy it.
Richard Branson
In economics, one of the most important concepts is
“opportunity cost” – the idea that once you spend your money
on something, you can’t spend it again on something else.
Malcolm Turnbull
While it is very clear who should pay for a project when there only one beneficiary, it
is less obvious who bears what costs when there are several beneficiary organisations. Society expects that the polluter will pay to compensate for damages to the
environment. A corollary is that the beneficiary should pay for the benefits received.
© Springer Nature Switzerland AG 2021
V. Proag, Infrastructure Planning and Management: An Integrated Approach,
https://doi.org/10.1007/978-3-030-48559-7_19
535