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Contents Preface................................................................................................................................................. 1 Background................................................................................................................................................1 Conference Planning..................................................................................................................................1 Plenary Sessions.........................................................................................................................................2 Breakout Sessions.......................................................................................................................................2 Poster Sessions...........................................................................................................................................2 Conference Summary Format.....................................................................................................................2 Introduction................................................................................................................................... 5 Benjamin Perez Conference History....................................................................................................................................5 Workshop Sessions....................................................................................................................................5 Opening Plenary Session Transportation Priorities: Mapping a Course for the Future.............................. 13 Kay McKinley, Sherri LeBas, Mark Norman, Jane Garvey, and Victor Mendez Welcome and Perspectives........................................................................................................................13 Keynote Addresses...................................................................................................................................14 Outline of Conference Program and Objectives.......................................................................................16 Plenary Session 2 Policy Provocateurs: Tough Questions, Tougher Answers?.................................. 17 David Seltzer, Nancy Richardson, Steve Lockwood, and William Ankner Plenary Session 3 Public and Political Acceptance Issues Posed by Alternative Financing Methods........................................................................................... 21 Kay McKinley, Brian Taylor, Frank Wilson, and Kathy Ruffalo Overcoming Equity Objections in Implementing Recent Road Pricing Projects.......................................21 Washington State Tolling Study...............................................................................................................21

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Current Landscape: Obstacles and Opportunities....................................................................................22 Questions and Answers............................................................................................................................22 Breakout Session 1 Delivering Transportation Programs Through PublicPrivate Partnerships.................................................................................................... 25 Suzanne Sale, Geoffrey S. Yarema, Bovin Kumar, Kevin Longenbach, and Sasha Page Transitioning to a Programmatic Selection Approach for P3s..................................................................25 Overview of P3s in the Road Sector in India: The Largest P3 Program in the World..............................26 P3s: Lessons from Australia.....................................................................................................................26 Evolving Role of Equity in Transportation Finance.................................................................................27 Questions and Comments........................................................................................................................28 Breakout Session 2 Financing Multimodal Projects, Rail, and Airport Access...................................... 29 Lowell Clary, Kate Miller, Marcella Rensi, Nancy Whelan, Cheryl Jones, Andrew Fremier, Tom Boast, Jeff Ensor, and Geoffrey Gosling Money, Mobility, and Politics: Funding Competing Priorities in a Complicated Region.........................29 Partnerships for Progress: The Finance Plan for the Transbay Transit Center.........................................29 Financing Rail Stations: Innovative Approaches and Alternative Sources................................................29 Collaborative Funding to Facilitate Airport Ground Access.....................................................................30 Breakout Session 3 Aligning Transportation Funding with Climate Change Strategies and Sustainable Planning: How Can It Be Done?........................................................... 31 Asha Weinstein Agrawal, David L. Greene, Astrid Glynn, Kendra Breiland, Sarah McMillan Ross, and Peter Mills What Is Greener Than a Vehicle Miles Traveled Tax? ............................................................................31 Funding Transportation Improvements for Climate Change: Shared Support or Zero-Sum Game..........32 Financing a Sustainable Future: Aligning Transportation Finance Methods with Climate Change Policy.............................................................................................................................32 Fee to Fund Transportation Improvements and Reduce Greenhouse Gas Emissions...............................32 Plenary Session 4 International Panel................................................................................................................... 35 Brian Howells, Robert Bain, Ian Scholey, and Zongzhi Li Lessons Learned from European PublicPrivate Partnership Infrastructure Projects................................35 High-Speed Rail and M25 Highways Agency DesignBuildFinanceOperate........................................36 Evolution of Transportation Finance in China.........................................................................................36 Questions and Answers............................................................................................................................37

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Breakout Session 4 Expecting the Unexpected: Assessing Project Risk and Its Impacts on Financing................................................................................................................................... 39 Sharon Greene, Lowell Clary, Bill Van Meter, Kathleen Sanchez, and Alistair Sawers HighwayManaged Lanes Project: I-595 Managed Lanes Project, Florida..............................................39 Transit Project: Eagle P3 Project, Denver, Colorado................................................................................39 Multimodal Transportation Program: Los Angeles County Metro P3 Program, California.....................40 Breakout Session 5 Vehicle Miles Traveled: The Next Funding Frontier?................................................ 41 Adrian Moore, Paul Hanley, Jack Wells, Richard Baker, and Dick Mudge Lessons Learned from the National VMT Demonstration Project...........................................................41 Implementation Costs for a VMT System................................................................................................42 Transitioning to Mileage-Based User Fees: An Assessment of Institutional Issues....................................42 Truck VMT Fees: A Practical Way to Generate Revenue, Reduce Traffic Congestion, and Improve Freight Mobility..................................................................................................................43 Questions and Answers............................................................................................................................43 Breakout Session 6 Practical Challenges to Putting New Financing Ideas into Place.................... 45 Arthur Guzzetti, D. J. Mitchell, Mario Espinoza, Wendy Franklin, and Jennifer Mayer Untangling Freight Bottlenecks by Using Alternative Financing Approaches...........................................45 Role of Tolling and State-Sponsored Initiatives in Addressing Regional Mobility Challenges..................45 Navigating the Capital Markets: How Much Can New Credit Instruments Help?..................................46 Bridging the Gap: The Role of Federal and State Financing Programs and Subsidies...............................46 Plenary Session 5: Luncheon Keynote Speech investment and sustainability on the bayou............................................................... 49 Kay McKinley and Michael Tidwell Plenary Session 6 Emerging Issues.............................................................................................................................. 51 Steve Van Beek, Craig Lentzsch, and Anne Canby Multimodal Policy Integration.................................................................................................................51 Evaluating the Potential of Available FundingRevenue Options.............................................................52 Crystal Ball Calculus................................................................................................................................53 Questions and Answers............................................................................................................................53

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Plenary Session 7 Creating a Research Road Map for the Future............................................................ 55 Tamar Henkin and Kay McKinley Discussion Session 1: Are Financing Solutions Chasing a Funding Problem? The Appropriate Role of Governmental Finance Programs and Subsidies ..............................................55 Discussion Session 2: Federal, State, and Local Responsibilities: Finding the Right Balance....................56 Discussion Session 3: Challenges in Reforming Current Transportation Funding....................................56 Concluding Observations.........................................................................................................................57 Appendix Participants..................................................................................................................................... 59