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 65
N E W T R A N S P O RTAT I O N I N I T I AT I V E S A N D D E M A N D S O N F I N A N C I N G 53
· Opposition to the regional investment bank concept and SIBs as well as sole-source procurement and tax
and funding from the 4.3-cent diesel tax; incentives aimed at safety investments.
· The role of rail as an alternative to free up air Mudge shared his ideas for possible next steps,
capacity; and including these:
· The possible use of train stations as community
centers to attract grassroots support. · New--and diminished--rules for the TIFIA program
(i.e., no TIFIA minimum for new technology);
· Off-budget Technology Finance Corporation; and
SESSION 4: EMERGING FUNDING CHALLENGES · Links to other tools, including tax credits for safety
enhancement or purchase of technology in vehicles.
Frederick (Bud) Wright, Federal Highway Administration
(Moderator) He suggested to the group that we need to "think big"
Robert C. Brown, Federal Highway Administration and that networks drive economic change and productivity.
(Discussant) He provided examples of the Interstate, the transcontinental
Pat Goff, Missouri Department of Transportation railroad, and the Internet as evidence for his case.
Richard Mudge, Delcan Inc.
Joseph M. Giglio, Northeastern University
The Other Side of the Technology Coin:
The Vital Role of Technology in Implementing
Homeland Security and Impact on User-Pay Mechanisms
Transportation Funding
Joseph M. Giglio
Pat Goff
As the final speaker in this session, Joseph M. Giglio
Pat Goff addressed the cost of homeland security and its addressed the role of technology in implementing rev-
impact on transportation funding. He discussed four enue collection mechanisms. He told the group that
homeland security components: prevention, detection, there are simply two true revenue sources: user fees and
restoration, and training. taxes; it's that simple. He also raised concern about the
He described a new sense of urgency to what was pendulum swinging in the other direction vis-à-vis the
already under way and focused on the need to identify level of debt issuance.
collective needs by all states to make the case for more Giglio focused the rest of his remarks on the thesis
funding overall. There needs to be net new money, he that there are a number of technologies that lend them-
argued, rather than attempts to fund security-related selves to performance pricing and gave a description of
costs with traditional transportation funding resources. the product life cycle of technology investment. Giglio
offered the following questions regarding technology:
Intelligent Transportation Systems: · Will technology generate stable, predictable revenue
Funding Challenges and Innovations streams?
· What is the cost of collection, and is it less expensive
Richard Mudge than an alternative approach?
· Does the technology impose a higher charge on
Richard Mudge addressed the funding challenge that those who generate a higher cost?
has been facing investment in intelligent transportation · Does it contribute to the reduction of evasion?
systems and reviewed some of the progress that has · Does it help provide better customer service, which
been made to date as well as some of the potential in turn can generate value and facilitate premium-pricing
opportunities in the future. He cited a need for better techniques?
understanding of who gains and for translating
abstract benefits into funding. He offered the Alameda
Corridor Project as an example of how this translation Discussion
was accomplished and of a willingness to provide
funding created from an understanding--and even Robert C. Brown
quantification--of the benefits.
Mudge suggested that we need not be so afraid of Robert C. Brown led the discussion for this session. He
helping the private sector make money. He offered focused it on the questions of how to share costs when the
examples of the flexible repayment provisions of TIFIA private sector is involved and the impact of having multiple
OCR for page 66
54 T R A N S P O RTAT I O N F I N A N C E
uses for infrastructure to help justify the cost. Wrapped up The group discussed the appropriate federal role in
in the question of appropriate cost-sharing are the questions developing standards for technology deployment. In
of how much profit is acceptable for private-sector partners the course of the discussion, Giglio noted that privacy
and when they should be able to take this profit out of the is fading away as a constraint on the applications of
partnership vis-à-vis the public side of the partnership. technology.
