|
|
|
Title: EMERGING TRENDS IN TRANSPORTATION FINANCE
Accession Number: 00818783
Record Type: Component
Availability: Find a library where document is available Abstract: S. Lockwood of Parsons Brinckerhoff notes that to capitalize on the innovative financing techniques available, they should be used in combination with a set of project development strategies including design/build contracts, best-value procurement, guarantees and warranties, performance specifications, more transparent risk allocation, and program management. D. Flanagan of the University of Southern California argues that transportation infrastructure projects theoretically ought to be candidates for pension fund investment; however, he notes that suitable investment opportunities are hard to come by, in particular because the tax-exempt status of the pension funds eliminates any advantage in investing in the tax-exempt debt instruments typical of the transportation sector. W. Ankner of the Rhode Island Department of Transportation reports on the replacement and relocation of a major segment of Interstate 195 in the city of Providence, illustrating that state departments of transportation should recognize themselves as major landholders and begin to leverage real-estate assets in nontraditional ways. E. Corcoran of Foley, Hoag & Eliot comments on the $385 million Route 3 North project in Massachusetts as a case in which public opposition to tolls demanded that planners identify another financing approach, which in this case was a strategy that incorporated a design/build procurement, private financing backed by public funding sources, and a long-term operations and maintenance component.
Supplemental Notes: Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
Monograph Title: SECOND NATIONAL CONFERENCE ON TRANSPORTATION FINANCE, SCOTTSDALE, ARIZONA, AUGUST 20-24, 2000 Monograph Accession #: 00818781
Language: English
Corporate Authors: Transportation Research Board 500 Fifth Street, NW Authors: Lockwood, SFlanagan, DAnkner, WCorcoran II, E JPagination: p. 25-30
Publication Date: 2001
Conference:
Second National Conference on Transportation Finance
Location:
Scottsdale, Arizona ISBN: 0309072107
Media Type: Digital/other
Features: Figures
(1)
TRT Terms: Uncontrolled Terms: Subject Areas: Economics; Finance; Transportation (General); I10: Economics and Administration
Files: TRIS, TRB
Created Date: Oct 5 2001 12:00AM
More Articles from this Serial Issue:
|
