Funding Options for Freight Transportation Projects (2009) / Chapter Skim
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SPECIAL REPORT 297 Funding Options for Freight Transportation Projects Funding Options for Freight Transportation Projects During the 1990s, capacity constraints became evident in parts of the U.S. freight transportation system, the consequence of economic and population growth and changing patterns of domestic and global commerce.
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TRANSPORTATION RESEARCH BOARD 2009 EXECUTIVE COMMITTEE* Chair: Adib K
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Transportation Research Board Washington, D.C. 2009 www.TRB.org Funding Options for Freight Transportation Projects TRANSPORTATION RESEARCH BOARD OF THE NATIONAL ACADEMIES S P E C I A L R E P O R T 2 9 7 Committee for the Study of Funding Options for Freight Transportation Projects of National Significance
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Transportation Research Board Special Report 297 Subscriber Categories IA planning and administration VII rail VIII freight transportation (multimodal) Transportation Research Board publications are available by ordering individual publications directly from the TRB Business Office, through the Internet at www.TRB.org or national-academies.org/trb, or by annual subscription through organizational or individual affiliation with TRB.
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The National Academy of Sciences is a private, nonprofit, self-perpetuating society of distinguished scholars engaged in scientific and engineering research, dedicated to the furtherance of science and technology and to their use for the general welfare. On the authority of the charter granted to it by the Congress in 1863, the Academy has a mandate that requires it to advise the federal government on scientific and technical matters.
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Committee for the Study of Funding Options for Freight Transportation Projects of National Significance Genevieve Giuliano, School of Policy, Planning, and Development, University of Southern California, Los Angeles, Chair Peter J Basso, American Association of State Highway and Transportation Officials, Washington, D.C.
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Preface This study of funding options for freight transportation projects was initiated by the Transportation Research Board (TRB) Executive Committee in 2006.
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viii Funding Options for Freight Transportation Projects Freight Capacity for the 21st Century (Special Report 271, 2003) ; The Marine Transportation System and the Federal Role: Measuring Performance, Targeting Improvement (Special Report 279, 2004)
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Preface ix Norman Solomon, Senior Editor, edited the report; Jennifer J Weeks, Editorial Services Specialist, prepared the prepublication manuscript and background papers for web posting; and Juanita Green, Production Manager, coordinated typesetting and printing, all under the supervision of Javy Awan, Director of Publications.
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Summary 1 1 Introduction 15 Charge to the Committee 19 Examples of Finance Arrangements 23 Conclusions of Earlier TRB Committees on Finance Policy 34 Outline of the Report 39 2 Freight System Performance and Infrastructure Finance 43 Views on Finance Problems 44 Trends in Freight Transportation System Performance 50 Relation of Finance to Performance 70 Summary 81 3 Freight Transportation Infrastructure Finance Practices Today 88 Spending for Freight Infrastructure 88 Finance Arrangements for Public Freight Infrastructure 90 Case Study Illustrations of Finance Arrangements 118 Annex 3-1: Case Studies Summary 131 Annex 3-2: Illustrative Current Freight Infrastructure Capital Projects 138 Contents
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4 Government Responsibilities for Freight Infrastructure 153 Government Responsibilities 153 Federal Responsibilities 163 Forms of Intervention 188 Summary 194 5 Review of Finance Reform Proposals 198 Scope of Finance Reform 199 Reform Proposals 203 Criteria for Evaluating Finance Options 215 Annex 5-1: Examples of Recent Finance Reform Proposals 227 6 Findings and Recommendations 249 Government Responsibilities for Freight Infrastructure 249 Evaluating Finance Alternatives 255 Recommendations 262 Study Committee Biographical Information 281
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