National Academy of Sciences | 150 Year Anniversary

Questions? Call 800-624-6242

| Items in cart [0]

The National Academies Press

Rights & Permissions

topleft topright

Conference Proceedings 33: Transportation Finance: Meeting the Funding Challenge Today, Shaping Policies for Tomorrow (2005)
Technical Activities Division (TAD)

Citation Manager

Transportation Research Board. "TRACK 2: TOOLS AND TECHNIQUES TO DELIVER MORE PROJECTS FASTER." Conference Proceedings 33: Transportation Finance: Meeting the Funding Challenge Today, Shaping Policies for Tomorrow. Washington, DC: The National Academies Press, 2005.

Please select a format:

BibTeX EndNote RefMan


Page
34
bottomleft bottomright
Page
34
Transportation Finance Meeting the Funding Challenge Today, Shaping Policies for Tomorrow (1-1)
TRANSPORTATION RESEARCH BOARD 2005 EXECUTIVE COMMITTEE* (2-6)
CONFERENCE PROGRAM (7-7)
ACKNOWLEDGMENTS (8-8)
Contents (9-12)
COMMON THEMES AND KEY OBSERVATIONS (13-13)
Underlying Framework and Trends (14-14)
Legislative (15-15)
RECOMMENDATIONS REGARDING FUTURE RESEARCH (16-16)
ASSESSMENT OF THE CONFERENCE AND RECOMMENDATIONS FOR FUTURE EVENTS (17-18)
PRECONFERENCE WORKSHOPS (19-19)
Track 3: Structures, Institutions, and Partnerships to Deliver More Projects Faster and Cheaper (20-20)
Track 4: New Transportation Initiatives and Demands on Financing (21-22)
General Sessions (23-24)
WELCOME AND CHARGE (25-25)
Track 2: Tools and Techniques to Deliver More Projects Faster (26-26)
Track 4: New Transportation Initiatives and Demands on Financing (27-27)
LUNCHEON SESSION Transportation Challenges to the Nation (28-29)
TRACK 2: TOOLS AND TECHNIQUES TO DELIVER MORE PROJECTS FASTER (30-30)
TRACK 4: NEW TRANSPORTATION INITIATIVES AND DEMANDS ON FINANCING (31-31)
LEVERAGING FEDERAL FUNDING (32-32)
COMMENTS (33-33)
TRACK 2: TOOLS AND TECHNIQUES TO DELIVER MORE PROJECTS FASTER (34-34)
TRACK 4: NEW TRANSPORTATION INITIATIVES AND DEMANDS ON FINANCING (35-35)
GENERAL SESSION 4 Transportation Finance in the Context of Reauthorization and Beyond Administration's Perspective (36-36)
REAUTHORIZATION AND FINANCING (37-37)
OPEN DISCUSSION (38-38)
ARTBA'S PERSPECTIVE (39-39)
FOCUSING ON THE SYSTEM (40-40)
Track Reports (41-42)
What Could Be: Looking Ahead to Alternative Fuels, Taxes, and Other Revenue Sources (43-43)
Considering Transportation Finance Approaches Used by Other Governments (44-44)
SESSION 2: EXAMINING CURRENT AND POTENTIAL USE OF TAX INCENTIVES IN PROMOTING SURFACE TRANSPORTATION INVESTMENT (45-45)
Tax Credit Bonds to Finance Infrastructure: Theory and Practice (46-46)
Discussion (47-47)
Making Room for Maintenance: The Intelligent Renewal of Our Existing Transportation System (48-48)
Opportunities for Value Capture and Value Pricing (49-49)
Discussion (50-50)
Integrating Innovate Financing into the Transportation Planning Process (51-51)
SESSION 2: INNOVATIVE FINANCING TO ADVANCE STATE AND LOCAL TRANSPORTATION PROGRAMS AND PROJECTS (52-52)
Discussion (53-53)
Freight Infrastructure Bank Proposal (54-54)
Communicating Innovative Finance to the Public (55-55)
Discussion (56-56)
Setting the Stage: Public-Sector Perspective on Roles and Risk Sharing (57-57)
Las Vegas Monorail (58-58)
Virginia's Privatization Initiative: Outcome-Based Highway Asset Management (59-59)
New Mexico (60-60)
Discussion (61-61)
Financing Intermodal Connections: Bringing Down the Funding Silos for the I-95 Rail Study (62-62)
Short-Line Rail: Private Investments in the Marine Transportation System (63-63)
Discussion (64-64)
Discussion (65-66)
TRACK 1 (67-67)
TRACK 4 (68-70)
Resource Papers (71-72)
WHAT SHOULD BE THE GOAL OF REAUTHORIZATION? (73-73)
HAS TEA-21 MET THE GOALS OF MAINTAINING SYSTEM CONDITION AND PERFORMANCE AND IMPROVING SAFETY? (74-74)
WHAT FUNDING LEVEL WILL REAUTHORIZATION NEED TO ESTABLISH TO MAINTAIN CONDITION AND PERFORMANCE? (75-75)
Enhancements to the Fuel Excise Tax (76-76)
Tax Credit Bonds (77-77)
Tolling (78-79)
CONCLUSION (80-80)
INNOVATIVE FINANCE FRAMEWORK (81-81)
IMPEDIMENTS TO PROJECT DELIVERY (82-82)
ENVIRONMENTAL CLEARANCE AND STATUTORY REQUIREMENTS (83-83)
POLITICAL AND INSTITUTIONAL FACTORS (84-85)
EXPEDITING PROJECT DELIVERY: A CHALLENGE TO THE TRANSPORTATION FINANCE COMMUNITY (86-86)
What Is This Strategy Intended to Accomplish? (87-87)
What Is This Strategy Intended to Accomplish? (88-88)
Where Is This Strategy Leading Us? (89-89)
State Departments of Transportation Caught in the Middle (90-90)
Local Resistance to Innovative Finance Initiatives (91-91)
BACKGROUND (92-92)
TECHNOLOGY (93-94)
IMPLICATIONS (95-96)
Acronyms (97-97)
Conference Steering Committee Member Biographies (98-103)
Participants (104-111)

Below are the first 10 and last 10 pages of uncorrected machine-read text (when available) of this chapter, followed by the top 30 algorithmically extracted key phrases from the chapter as a whole.
Intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text on the opening pages of each chapter. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

Do not use for reproduction, copying, pasting, or reading; exclusively for search engines.

OCR for page 34
GENERAL SESSION 3 Summary of Day 2 Reports on Concurrent Sessions Christie Holland, Florida Department of Transportation Laurie Hussey, Cambridge Systematics David Wresinski, Michigan Department of Transportation Paul Marx, Federal Transit Administration F ollowing the concurrent sessions for Day 2, con- bility, and administrative feasibility. She then outlined ference participants reassembled in a general ses- the panel presentations, which focused on funding for sion to discuss key discussion points, common metropolitan planning organizations as well as funding themes, and areas for further research. A synthesizer for maintenance and renewal. provided an overview of each track, as follows: Reviewing the session on tolls and other user charges in the afternoon, Holland noted the importance of iden- Track 1. Christie Holland, Florida Department of tifying beneficiaries and targeting funding approaches Transportation; that match up with these beneficiaries. She offered the Track 2. Laurie Hussey, Cambridge Systematics; following points from the session: Track 3. David Wresinski, Michigan Department of Transportation; and · Tolls are acceptable as an alternative to taxes; Track 4. Paul Marx, Federal Transit Administration. · Value pricing has received support of previous opponents, including the environmental community; and Each presenter summarized the sessions of the track for · Equity issues are sometimes overstated in relation which they were responsible and drew out common themes, to low-income road users. key observations, and opportunities for further research. Following is a synopsis of these summary reports. A detailed review of each track is provided in the following section. TRACK 2: TOOLS AND TECHNIQUES TO DELIVER MORE PROJECTS FASTER TRACK 1: HOW TO FINANCE THE NEXT Laurie Hussey TRANSPORTATION PROGRAM-- REAUTHORIZATION AND BEYOND Hussey provided the summary of the second day of Track 2. She described the morning "all-star panel" that Christie Holland brought session participants from the underpinnings of the federal credit program to two projects now being sup- Holland provided a summary of the two sessions com- ported by TIFIA and concluded with a look to the future posing the second day of the conference for Track 1. and a potential new tool, a freight infrastructure bank. She described a general presentation on alternative The second session of Track 2 focused on quantifying funding options and evaluation given by Tamar Henkin and communicating the benefits and costs of innovative and noted the important evaluation criteria of revenue finance. Hussey described a diverse panel including an potential, stability and timing, legal and political feasi- analyst, economist, and elected official. 22