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2 F I NA NC I NG S U R FA C E TR A NSPOR TA TION IN T HE U NIT ED ST A T ES late discussion of new approaches and alternative revenue- environment conducive to delving into the concepts generating mechanisms. In addition, the committee wished presented in the plenary sessions and to learning about the program to increase awareness of the role of public edu- real-world applications of those concepts, drawing from cation to better articulate the importance of infrastructure project managers' and others' experience. needs and to engage the next generation of policy leaders and decision makers in the transportation finance debate. The committee incorporated innovative approaches Poster Sessions into the conference planning effort through inclusion of a student video competition to explore public awareness The conference included two poster sessions. The first of how transportation is funded and through the award was conducted after the preconference workshops and of travel scholarships to facilitate graduate students' par- featured 20 peer-reviewed poster presentations address- ticipation in the conference. After rigorous evaluation, ing a wide range of transportation funding approaches two videos received awards and were featured during the and programmatic options in use around the world. The conference, and seven graduate students received travel second was conducted during breakfast on the second scholarships to attend. Two students associated with the day of the conference and featured six peer-reviewed winning videos also attended. poster presentations. Two preconference workshops describing the state of the practice for performing benefitcost analysis, providing techniques for financing projects in challenging times, and Conference Summary Format discussing emerging trends for raising capital were offered. The workshops were followed by an evening poster dis- The conference summary was prepared by Benjamin play with 20 peer-reviewed presentations that addressed Perez of Parsons Brinckerhoff as a factual summary of a wide range of transportation funding approaches and what occurred at the conference. The views presented programmatic options in use around the world. reflect the opinions of the individual participants and are The 2-day conference program featured an opening not necessarily the views of all conference participants, session with two keynote speakers completed by five the planning committee, TRB, or the National Research additional plenary sessions, each with its own three cor- Council. responding breakout sessions; a second poster session This report was reviewed in draft form by individu- conducted during breakfast on the second day; an infor- als chosen for their technical expertise and diverse per- mal brown bag lunch discussion session; and a formal spectives, in accordance with procedures approved by the luncheon with a keynote speaker. National Research Council's Report Review Committee. A compendium of PowerPoint presentations featured The purposes of this independent review are to provide at this conference is available at http://onlinepubs.trb candid and critical comments to assist the institution in .org/onlinepubs/conferences/2010/finance/program.pdf. making the published report as sound as possible and to ensure that the summary meets institutional standards for clarity, objectivity, and responsiveness to the proj- Plenary Sessions ect charge. The review comments and draft manuscript remain confidential to protect the integrity of the process. The conference's opening plenary session featured key- TRB thanks the following individuals for their review note presentations by Victor Mendez, Federal Highway of this report: Z. Andrew Farkas, Morgan State Univer- Administrator, and Jane Garvey, North American Chair sity; Tamar Henkin, High Street Consulting Group, LLC; for Meridiam Infrastructure, who highlighted transpor- Lowell Clary, Clary Consulting, LLC; and Steven Gayle, tation priorities and future opportunities. The five subse- Gayle Consult, LLC, Gilbertsville, New York. Suzanne quent plenary sessions each explored a different issue, as B. Schneider, TRB Associate Executive Director, man- follows: the policy dynamics of future surface transpor- aged the review process. The review of this conference tation finance, international project finance, emerging summary was overseen by C. Michael Walton, Ernest issues, sustainable transportation finance, and creation H. Cockrell Centennial Chair in Engineering, University of a research road map for the future. of Texas at Austin. Appointed by the National Research Council, he was responsible for ensuring that an inde- pendent examination of this report was carried out in Breakout Sessions accordance with institutional procedures and that all review comments were carefully considered. After each plenary session, participants were offered a The contributions of the chair and members of the choice of three breakout sessions, each of which included conference planning committee were innumerable and three to four presentations. The format provided an led to the success of the conference. The dedication and

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pr ef a c e 3 efforts by the chair and topic leaders ensured the quality National Transportation Center, Morgan State Univer- and creativity of the conference program. sity; Adrian Moore, Reason Foundation; Jack Basso Additional support was provided by the conference and Joung Lee, American Association of State Highway liaisons, Harold (Skip) Paul, Louisiana Department and Transportation Officials; Art Guzzetti, American of Transportation and Development; Suzanne Sale, Public Transportation Association; and conference rap- Federal Highway Administration; Z. Andrew Farkas, porteur Benjamin Perez, Parsons Brinckerhoff.

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