00627182

Component

http://onlinepubs.trb.org...trr/1992/1359/1359-002.pdf

https://scholar.google.co...iams&publication_year=1992

An overview of the current financing structure for highways is provided. Beginning with public-sector financing, the various highway-based revenue sources, and revenues from these sources that are used for highways, are identified. An analysis of trends for some of these sources is given, focusing on highway user charges. Expenditures for highways are addressed and disaggregated into noncapital and capital outlays. For capital outlays, trends are identified and the source of funds by level of government is shown. A discussion of capital outlay on the federal-aid system by level of government and type of improvement follows. Finally, a brief discussion of private-sector financing is provided. In 1989 the public sector spent $67.7 billion for maintenance and capital improvement of highways. Noncapital highway expenditures, including maintenance and operations of highways, administration, highway law enforcement, safety, and debt service on highway bonds and notes, were $38 billion in 1989--53% of all highway expenditures. Capital outlay expenditures by the public sector totaled over $33 billion in 1989. The federal government funded 43% of the total highway capital outlay of $33 billion in 1989. Of this total, $25 billion was spent on the federal-aid systems. Private-sector financing includes projects funded and developed by the private sector; it has been estimated that $9.6 billion of highway improvements was financed by the private sector in 1989.

This paper appears in Transportation Research Record No. 1359, Economics, Finance, and Administration. 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

English

p. 11-18

1992

Transportation Research Record

030905222X

Figures (5) ; Tables (4)

Capital expenditures; Expenditures; Federal aid highways; Finance; Financing; Governments; Highways; Improvements; Private enterprise; Revenues; Trend (Statistics); User charges

Financial sources

Finance; Highways; I10: Economics and Administration

TRIS, TRB, ATRI

Mar 31 1993 12:00AM

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