SELECTED OPTIONS FOR INNOVATIVE TRANSIT FINANCING

Traditional funding sources for transportation improvements can no longer provide sufficient funds to meet transportation needs. As a result, state and local transportation agencies are turning to other financing tools to ensure that scarce transportation resources are used more effectively. This new approach, called "innovative financing", is described in this report. The report summarizes selected innovative financing options that are available to transit agencies as they face declining federal funds. The first section discusses the innovative tools for transit. The second section summarizes innovative financing tools for transportation in general. The report appendices contain more detail on the innovative financing instruments.

• Corporate Authors:

  Virginia Transportation Research Council

  530 Edgemont Road
  Charlottesville, VA  United States  22903

  Virginia Department of Transportation

  Office of Public Affairs, 1221 East Broad Street
  Richmond, VA  United States  23219
• Authors:
  • Kyte, C A
• Publication Date: 1997-3

Language

• English

Media Info

• Features: Appendices; References;
• Pagination: 96 p.

Subject/Index Terms

• TRT Terms: Alternatives analysis; Bridges; Finance; Financing; Highways; Improvements; Innovation; Public transit; Transportation
• Uncontrolled Terms: Options
• Subject Areas: Bridges and other structures; Finance; Transportation (General); I10: Economics and Administration;

Filing Info

• Accession Number: 00736039
• Record Type: Publication
• Report/Paper Numbers: VTRC 97-TAR7, Technical Assistance Rept
• Files: TRIS, STATEDOT
• Created Date: Apr 25 1997 12:00AM