Digital Financing Model for Bridges in Washington State

Bridge owners face aging physical assets and increasing traffic demand resulting from urbanization and emerging autonomous freight and vehicles. The available public funding however can hardly keep up with the needs. The State of Washington has identified needed repairs on 6,080 bridges at an estimated cost of $9.2B. An innovative approach is proposed to transform how bridge assets in Washington State could be managed and financed using efficient and digital (tokenized) financing models. The informational inefficiencies derived from bridge traffic, structural health monitoring, historical repairs, and upgrades, coupled to remote sensing data from drones and satellites can be valued and priced, either as cash flows or equity value. These, in turn, are integrated into efficient financial instruments, including tokenization, to lower transaction cost and risks, and to overcome the limitation of small project size. This paper describes the framework of digitization, bridge performance analytics, and data market in the context of innovative financing, risks and uniqueness of Washington State transportation development.

• Record URL:
  https://doi.org/10.1061/9780784483169.025
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9780784483169
• Supplemental Notes:
  • © 2020 American Society of Civil Engineers.
• Corporate Authors:

  American Society of Civil Engineers

  1801 Alexander Bell Drive
  Reston, VA  United States  20191-4400
• Authors:
  • Zhong-Brisbois, Joan
  • Adriaens, Peter
• Conference:
  • International Conference on Transportation and Development 2020
  • Date: 2020-5-26 to 2020-5-29
• Publication Date: 2020-8

Language

• English

Media Info

• Media Type: Web
• Features: References;
• Pagination: pp 300-308
• Monograph Title: International Conference on Transportation and Development 2020: Planning and Development

Subject/Index Terms

• TRT Terms: Bridge management systems; Bridges; Financing; Freight transportation; Repairing
• Geographic Terms: Washington (State)
• Subject Areas: Bridges and other structures; Finance; Highways; Planning and Forecasting;

Filing Info

• Accession Number: 01752733
• Record Type: Publication
• ISBN: 9780784483169
• Files: TRIS, ASCE
• Created Date: Sep 22 2020 2:29PM