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GENERAL SESSION 1
Welcome and Charge to the Conference
William D. Ankner, Rhode Island Department of Transportation
Frederick (Bud) Wright, Federal Highway Administration
Kirk Brown, Illinois Department of Transportation
Miguel d'Escoto, City of Chicago
Herbert London, Hudson Institute
Geoffrey S. Yarema, Nossaman, Guthner, Knox, & Elliott LLP
Sharon Greene, Sharon Greene and Associates
James T. Taylor II, Bear Stearns & Company, Inc.
Joseph M. Giglio, Northeastern University
T
he Third National Conference on Transportation Wright stressed that what the conference participants are
Finance kicked off with a general session that doing matters and that they had an opportunity to work
included welcoming remarks from the confer- together to craft transportation solutions as part of reau-
ence chair, sponsor, and local officials and a keynote thorization. He conceded that budgetary constraints will
address by Herbert London of the Hudson Institute. make it more challenging and that innovative finance
The four tracks of the conference were introduced by approaches will have to play a greater role. He pointed
the authors of four resource papers provided to partic- out that approaches that were once considered innova-
ipants before the conference and included in a separate tive have moved to the mainstream and gave examples
section of this report. of Transportation Infrastructure Finance and Innovation
Act (TIFIA), Grant Anticipation Revenue Vehicles
(GARVEEs), and state infrastructure banks (SIBs).
WELCOME AND CHARGE Finally, Wright reflected on the important setting
and great opportunity provided in this conference,
William D. Ankner especially given its timing before the reauthorization of
federal surface and aviation transportation programs.
William D. Ankner, Conference Chair, provided an
overview of the structure and objectives of the confer- Kirk Brown
ence. Ankner charged participants to take ownership of
the conference and, through their active participation, Kirk Brown, Secretary of the Illinois Department of
to contribute to the success of the sessions and of the Transportation, noted that the challenge facing the
conference. nation was illustrated with the needs and funding
challenges of Illinois.
Frederick (Bud) Wright
Miguel d'Escoto
Following Ankner's remarks, Frederick (Bud) Wright,
Executive Director of the Federal Highway Administra- Miguel d'Escoto, Commissioner of Transportation for
tion, noted that highway safety has become a public the City of Chicago, echoed Brown's comments and
health epidemic and that the solution is greater invest- provided some context from the city that hosted the
ment in transportation. In focusing on highway safety, conference.
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