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Preface T he Transportation Research Board (TRB) con- and funding. Subsequent conferences were held in 2000, vened the Fourth International Conference on 2002, and 2010 in Scottsdale, Arizona; Chicago, Illinois; Transportation Finance, Financing Surface Trans- and New Orleans, Louisiana, respectively. Each confer- portation in the United States: Forging a Sustainable ence's program was designed to reflect current trends Future--Now! on May 1921, 2010, in New Orleans, and address emerging issues. Louisiana. The conference continued a series that began The first TRB Conference on Transportation Finance, in 1997. As techniques have evolved, each conference Transportation Finance for the 21st Century, focused on a has addressed the latest economic and funding trends variety of new tools and techniques known collectively as and has looked toward the future of transportation rev- innovative finance. The 2000 conference revolved around enue generation and finance. The conference attracted the new funding categories and finance opportunities pro- some 150 transportation finance specialists from the vided with the passage of the Transportation Equity Act public and private sectors. They gathered to share the for the 21st Century (TEA-21). In 2002, transportation latest developments in innovative funding techniques professionals discussed the reauthorization of TEA-21 and and to explore options for securing continued revenue new methods to enhance and expedite project delivery. The to support national infrastructure and mobility needs. 2010 conference generated discussion of alternative finance The contributions of the following organizations mechanisms and sustainable approaches to support infra- enabled the conduct of this important and timely confer- structure and mobility needs amid economic uncertainties. ence: TRB and the standing Committees on Revenue and Finance, Congestion Pricing, and Economics; the Loui- siana Department of Transportation and Development; Conference Planning the Federal Highway Administration; the American Association of State Highway and Transportation Offi- TRB assembled a conference planning committee cials; the American Public Transportation Association; appointed by the National Research Council to design the Galvin Mobility Project; Morgan State University's and develop the conference program. Kay McKinley of National Transportation Center; and the University of PBS&J served as the committee chair and was joined by Iowa's Public Policy Center. the eight members listed on page ii. The range of exper- tise represented by the organizing committee's member- ship included financial management; innovative project Background and program delivery; federal, state, and local govern- ment policy development; academia; and research. In 1997 in Dallas, Texas, TRB initiated a series of confer- The conference's primary objective was to provide ences addressing the evolution of transportation finance information on emerging issues and to explore and stimu- 1