Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects (2015) / Chapter Skim
Currently Skimming:
Pages 1-9
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 1... ...
1 This research project sought to identify alternative revenue generation (funding) and financing methods for realizing passenger and freight rail capital investment, operations, and maintenance.
|
From page 2... ...
2 Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects shareholders. In 2013, for example, U.S.
|
From page 3... ...
Summary 3 As used in Tables S-1 through S-3, the criteria used in estimating funding potential are as follows: • Low funding potential ($) : funding sources that contribute less than 5% of transportation revenue • Medium funding potential ($$)
|
From page 4... ...
4 Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects Public Revenue (Funding) Mechanisms Fr ei gh t Pa ss en ge r Ca pe x O pe x Magnitude of Funding Potenal ($=low, $$$=high)
|
From page 5... ...
Summary 5 Potential Application of Alternative Funding and Financing Mechanisms To illustrate how alternative financing and revenue mechanisms could be used in practice, the research team assessed the potential application of these alternative mechanisms on the following U.S. rail projects, which are in planning or early development stages and all with a funding gap.3 • California High-Speed Rail (High-Speed Rail)
|
From page 6... ...
6 Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects The resulting case studies provide examples of very different projects; however, many of the lessons are similar: • If a project has a funding gap after seeking all other available sources of revenue, public funding is needed if the project is to be financially viable. • Public revenue (funding)
|
From page 7... ...
Summary 7 also help in creating more certainty about funding for rail projects and services, were it to be enacted. • Strengthening the Transportation Investment Generating Economic Recovery (TIGER)
|
From page 8... ...
8 Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects genesis of a much-improved approach to complex transportation issues (and associated funding requirements) , including for rail projects, especially with implementation of the recommendations of the Government Accountability Office (GAO)
|
From page 9... ...
Summary 9 Conclusions No silver bullet financing model or truly new and previously unknown source of revenue can be accessed to fully fund and finance rail projects that have a funding gap. The research identified and indicated the potential importance of several alternative funding and financing mechanisms that could be used to realize passenger and freight rail projects and services, where traditional funding sources, on their own, are insufficient.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.