STATE INFRASTRUCTURE BANKS

The depreciation of transportation infrastructure is not new; however, the creation of State Infrastructure Banks (SIB) as an innovative solution to address underinvestment in transportation is new. Flexibility in developing cost-effective support for transportation projects will be the hallmark of SIBs. This article presents some of the SIB solutions to underinvestment including: 1) offering credit instruments to finance project costs without 100 percent of equity prior to construction; 2) providing a portfolio approach for private investors; 3) providing new capacity to directly support public-private partnerships; 4) operating as construction finance, providing funds until permanent funds are available; and 5) spreading out cash demands over a longer time period. It is likely that pilot SIBs will operate initially in several states.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/10630260
• Corporate Authors:

  Institutional Investor, Incorporated

  488 Madison Avenue
  New York, NY  United States  10022
• Authors:
  • Martin, S
• Publication Date: 1995-12

Language

• English

Media Info

• Features: Figures;
• Pagination: p. 11-13
• Serial:
  • Infrastructure Finance
  • Volume: 4
  • Issue Number: 6
  • Publisher: Institutional Investor, Incorporated
  • ISSN: 1063-0260

Subject/Index Terms

• TRT Terms: Cash flow; Credit; Demonstration projects; Equity; Finance; Financing; Flexibility; Infrastructure; Public private partnerships; Transportation planning
• Uncontrolled Terms: State infrastructure banks; Transportation projects
• Old TRIS Terms: Demonstration programs
• Subject Areas: Finance; Highways; Public Transportation; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 00715343
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 14 1996 12:00AM