CONNECTICUT'S INTEREST FREE VANPOOL PROGRAM. FIRST YEAR REPORT

The Interest Free Vanpool Program is an example of a joint public/private effort to further develop cost-effective transportation through ridesharing. Implementation involved FHWA, Connecticut Department of Transportation, and The Rideshare Company. The concept is an alternative to more costly third-party vanpool leasing arrangements. The state provides interest free financing and mass purchasing of vehicles while Rideshare markets, promotes, administers, and monitors operations of the vans. Mass purchasing means lowest possible cost with savings passed on to the passengers, making vanpooling as economically attractive as possible. In 11 months of 1983, 27 vanpools were established--17 operated by individuals and 10 by four different Connecticut employers. Approximately 286 persons are carried daily, removing 189 automobiles from the highways and reducing both gasoline consumption and air pollution. Participants are to repay all of the vehicle cost during the van's programmed life, along with all operating expenses. Over the next five years ConnDOT has programmed over $750,000 to fund van purchases and committed for an additional 25 vans during 1984.

• Corporate Authors:

  Office of the Secretary of Transportation

  Technology Sharing Program, 1200 New Jersey Avenue, SE
  Washington, DC  United States  20590

  Connecticut Department of Transportation

  Bureau of Planning and Research, 24 Wolcott Hill Road
  Wethersfield, CT  United States  06109
• Publication Date: 1984-1

Media Info

• Features: Appendices;
• Pagination: n.p.

Subject/Index Terms

• TRT Terms: Financing; Private enterprise; Procurement; Ridesharing; State government; Vanpools; Vans
• Geographic Terms: Connecticut
• Subject Areas: Administration and Management; Economics; Finance; Highways; Public Transportation; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 00393520
• Record Type: Publication
• Report/Paper Numbers: DOT-I-85-04
• Files: TRIS, USDOT, STATEDOT
• Created Date: Apr 29 1988 12:00AM