PROCEEDINGS OF THE WORKSHOP ON INTERNATIONAL TRANSIT TURNKEY AND JOINT DEVELOPMENT. SESSION 1: JOINT DEVELOPMENT AND TURNKEY FINANCE - A CONTRAST OF PARADIGMS. PART 2: INTERNATIONAL AND PRIVATE SECTOR EXPERIENCES

This session explored the financial opportunities and challenges posed by turnkey procurements and real estate development. Speakers identified the difficulties associated with vendor financing in the United States, noting the financial benefits associated with government issuance of tax exempt debt, state and federal procurement restrictions, and transit's traditional inability to generate revenues sufficient to cover capital and operating costs while also generating a sufficient level of return. Presenters noted the ability of turnkey to shorten time frames and thus reduce inflation risk, debt service requirements, and management costs. When taking the form of a concession agreement, it was also noted that the private sector has an interest in investing in revenue generating opportunities if sufficient time is provided to amortize associated capital investments. Finally, speakers discussed individual projects and associated financial arrangements, though it was noted that legal restrictions prevent the United States from availing itself of the full spectrum of ownership and investment options that are available elsewhere.

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  https://onlinepubs.trb.org/Onlinepubs/trcircular/483/483-005.pdf
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  • Find a library where document is available. Order URL: http://worldcat.org/issn/00978515
• Supplemental Notes:
  • Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Colon, C A
  • Figura, R
  • Barbero, J
  • Farray, D
  • Carey, J
  • Sconzo, J
  • Collins, M
• Conference:
  • Workshop on International Transit Turnkey and Joint Development
  • Location: San Juan, Puerto Rico
  • Date: 1996-10-15 to 1996-10-19
• Publication Date: 1998-3

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures;
• Pagination: p. 24-29
• Monograph Title: PROCEEDINGS OF THE WORKSHOP ON INTERNATIONAL TRANSIT TURNKEY AND JOINT DEVELOPMENT
• Serial:
  • Transportation Research Circular
  • Issue Number: 483
  • Publisher: Transportation Research Board
  • ISSN: 0097-8515

Subject/Index Terms

• TRT Terms: International; International trade; International transportation; Joint development; Private enterprise; Workshops
• Uncontrolled Terms: Turnkey systems
• Subject Areas: Finance; Highways; Public Transportation;

Filing Info

• Accession Number: 00748228
• Record Type: Publication
• Files: TRIS, TRB
• Created Date: Apr 20 1998 12:00AM