TURNKEY FINANCING FOR PUBLIC TRANSPORTATION PROJECTS

The purpose of this paper is to address the impact of turnkey on project financing for transit investments. One of the primary benefits of turnkey is the acceleration of the project schedule to achieve timely project implementation. This aggressive scheduling creates revenue requirements to match construction drawdowns. The revenue requirements are generally not achieved through traditional funding which features yearly allocations under an FTA Full Funding Grant Agreement, matched with local share funds. While the sources of funds may not differ from traditional transit procurement, the financing mechanisms must be structured to access larger amounts of capital in a compressed timeframe. This report has the following major sections: Summary of major findings; issues and opportunities associated with turnkey and financing; financing issues; risk management; FTA new starts planning and project development process; case studies; and conclusions.

  • Corporate Authors:

    KPMG Peat Marwick

    8150 Leesburg Pike, Suite 800
    Vienna, VA  United States  22180

    Federal Transit Administration

    Office of Planning, 1200 New Jersey Avenue, SE
    Washington, DC  United States  20590
  • Publication Date: 1996

Language

  • English

Media Info

  • Pagination: 87 p.

Subject/Index Terms

Filing Info

  • Accession Number: 00731994
  • Record Type: Publication
  • Source Agency: Federal Transit Administration
  • Files: TRIS, USDOT
  • Created Date: Feb 13 1997 12:00AM