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Monday, August 3, 2020 | History

1 edition of Using innovative financing to deliver highway and transit projects found in the catalog.

Using innovative financing to deliver highway and transit projects

United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Highways and Transit (2007- )

Using innovative financing to deliver highway and transit projects

hearing before the Subcommittee on Highways and Transit of the Committee on Transportation and Infrastructure, House of Representatives, One Hundred Eleventh Congress, second session, April 14, 2010

by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Highways and Transit (2007- )

  • 242 Want to read
  • 12 Currently reading

Published by U.S. G.P.O., For sale by the Supt. of Docs., U.S. G.P.O. in Washington .
Written in English

    Subjects:
  • Federal aid to transportation,
  • Transportation,
  • Finance,
  • Roads,
  • Local transit,
  • Transportation and state

  • Classifications
    LC ClassificationsKF27 .P896317 2010
    The Physical Object
    Paginationxiii, 230 p. :
    Number of Pages230
    ID Numbers
    Open LibraryOL24864965M
    ISBN 100160886287
    ISBN 109780160886287
    LC Control Number2011388956
    OCLC/WorldCa729245179

      House T&I Subcommittee on Highways and Transit held a hearing this week on "Using Innovative Financing to Deliver Highway and Transit Projects." Witnesses agreed on the need to continue the basic user-fee program to provide the bulk of highway trust fund revenues, and on the need to continue to utilize existing "innovative" approaches to stretch existing . GROW AMERICA Act: Promoting Innovative. Infrastructure Financing. The Department is committed to working with State and local partners to employ innovative finance where appropriate. Under TIFIA, for example, m any surface transportation projects - highway, transit, railroad, intermodal freight, and port access - are eligible for.

    We provide high-value solutions for airports, bridges, highways, rail, toll roads and transit systems using innovative financing delivery methods such as Public-Private Partnerships (P3) and design-build execution. The project was being built with private financing, with no public funds subsidy of capital, operations, and maintenance costs. The Cintra-Zachry P3 included an upfront payment to TxDOT of $ million. TxDOT has received payment and File Size: 1MB.

    The House Subcommittee on Highways and Transit invited me to participate in a hearing on Ap on Using Innovative Financing to Deliver Highway and Transit Projects. As a participant on the panel, I was pleased to share my firm’s experiences with availability payments and answer questions from the Subcommittee Members on the I The FAST Act makes transit-oriented-development elements of passenger rail station projects eligible for RRIF. The FAST Act creates the National Surface Transportation and Innovative Finance Bureau (Bureau) to provide assistance and communicate best practices to project sponsors looking to take advantage of DOT credit programs.


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Using innovative financing to deliver highway and transit projects by United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Highways and Transit (2007- ) Download PDF EPUB FB2

The greatest financial innovation that we – the MTA – have taken to deliver transit and highway projects is the fact that our voters in Los Angeles County have made the tough choice to tax themselves to create more mobility for them, their families and their community.

Using innovative financing to deliver highway and transit projects: hearing before the Subcommittee on Highways and Transit of the Committee on Transportation and Infrastructure, House of Representatives, One Hundred Eleventh Congress, second session, April.

Guidebook on Financing of Highway Public-Private Partnership Projects 1 Preface On Jthe Build America Investment Initiative was implemented as a government-wide effort to increase infrastructure investment and economic growth. As part of that effort, the U.S.

Department of Transportation. Employing the tools of innovative finance differs from the pay-as-you-go approach (or conventional finance) in four ways: It enables new ways for existing revenue to be used to finance highways.

It utilizes financing mechanisms such as debt finance. It utilizes fund management techniques. Tolls, user fees, and other project-based revenue sources, in combination with new finance tools, can substantially increase state and local governments' ability to deliver projects.

Transportation project finance innovations available to project sponsors include: Section Loans, State Infrastructure Banks, Grant Anticipation Revenue Vehicles, TIFIA Credit. This section of the Center for Innovative Finance Support website identifies several of the procurement models and institutional structures currently in use.

The Center for Innovative Finance Support encourages States to consider the use of alternative delivery methods to expedite project implementation, streamline costs, and improve outcomes. PPPs cover as many as a dozen types of innovative contracting, project delivery and financing arrangements between public and private sector partners.

Though PPPs are not optimal for many transportation projects, they have been shown to reduce upfront public costs through accelerated or more efficient project delivery. TRB's Transit Cooperative Research Program Legal Research Digest Report on Innovative Financing Techniques for Transit Agencies explores the nature of "innovative financing techniques" for transit agencies and describes situations in which such techniques have been used.

The report should be useful to transit administrators, attorneys, debt managers, capital. IMS’ database and project reports deliver daily updates on new and upcoming projects that use P3 and other integrated delivery methods. With the funding landscape changing, IMS offers our clients the critical information they need to stay up-to-date on agencies’ plans to pursue projects, and connects the dots on each project from the initial planning and.

The term “Project Finance” refers to the financing of projects dependent on project cash flows for repayment, as defined by the contractual relationships within each project.

All project contracts must fit together seamlessly to allocate risks in a manner which ensures the financial viability and success of the project [17].Cited by: Dallas Area Rapid Transit Project Orange Line Extension (I-3) TIFIA Assistance: $M. Project Cost: State Highway (SH) Toll Lanes Project.

TIFIA Assistance: $M. Project Cost: $M. Transportation Infrastructure Finance and Innovation Act (TIFIA). TRB’s National Cooperative Highway Research Program (NCHRP) Web-Only Document Future Financing Options to Meet Highway and Transit Needs explores the viability of a range of conventional and innovative options for financing investments and operations of highway and transit systems.

A variety of innovative financing techniques for highway and transit is reviewed. With federal support diminishing and transportation needs growing, agencies are seeking new ways to fund transportation projects.

Crenshaw/LAX Transit Corridor Project - Los Angeles, California Dallas Area Rapid Transit Project Orange Line Extension (Irving-3) - Dallas, Texas Denver Union Station.

The webinar will provide a discussion of the various tools, expertise, and financing available to the Tribal Transportation community to explore and implement innovative financial strategies to deliver projects.

Click here to join the webinar (Adobe Connect) or click here for the alternative webinar site (MS Teams). The Center for Innovative Finance Support (CIFS), a component of the Federal Highway Administration's Office of Innovative Program Delivery, provides tools and resources to help agencies use alternative financing strategies to deliver projects under the Federal-Aid Highway Program.

Expediting Project Financing and Delivery: To help get highway, port, bridge, tunnel and transit projects moving faster, the Center is providing hands-on technical assistance and facilitating efficient project delivery to projects, including adding additional projects to the Administration’s successful permitting dashboard.

The Center is also providing targeted technical assistance to support project planning for projects. PABs allows municipal bond investors to finance transportation projects that result in a benefit to the public.

Since$ billion in PABs have advanced highway, transit and intermodal projects across the U.S., stimulating multiple times that amount in economic activity.

Finance Public Projects & Programs. The World Bank finances public projects to build physical and social infrastructure, and develop institutional capacity. WB Investment Project Financing. IPF provides finance for a specific project through loans, credits or grants and project-based guarantees.

WB Program-for-Results Financing. TRB conducted a webinar on Wednesday, June 7,from PM to PM ET that that features research from the Transit Cooperative Research Program (TCRP)’s Report Guide to Value Capture Financing for Public Transportation Projects, and Report Public Transportation Guidebook for Small- and Medium-sized Public-Private Partnership (P3).

—Innovative delivery models can use innovative financing to offset the higher cost of equity and reduce the all-in cost of capital Innovative Financing Report.

—Eligible projects include highway, transit, passenger rail, certain freight facilities, certain port projects, rural infrastructure projects, transit-oriented development File Size: KB.TM Financing Transit P3s and Partnerships in Transit Septem 1The estimated “Currently Sustainable” funding for highways and transit is based on short-term Federal Highway Trust Corridor was an early innovative financing.

Project. Alameda Corridor Freight Project, Los Angeles County, CA. The GROW AMERICA Act, a $ billion, four-year transportation reauthorization proposal provides increased and stable funding for our nation’s highways, bridges, transit, and rail systems, ends the cycle of short-term, manufactured funding crises and builds confidence in the public and private sector.