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:
  • Corporate Authors:

    Institutional Investor, Incorporated

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


  • 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

Filing Info

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