AN EVALUATION OF INNOVATIVE HIGHWAY FINANCING TECHNIQUES FOR INDIANA

This paper evaluates the major innovative financing techniques associated with federal funds, and their applicability for highway projects in Indiana. Before any innovative financing techniques could be applied, the impact analysis on the project's economic parameters had to be performed. The evaluation of the use of a specific financing technique involves the computation and analysis of financial performance measures such as net present value and annual debt service of the agency, as many financing tools incur debt. In addition, the impact on user benefits and total project cost are studied. Possible revenue sources for debt service payment also are identified, and from a legal perspective, factors such as eligibility, authorization parties, and administration of financing assistance are addressed. The paper primarily focuses on major innovative financing techniques associated with federal funding: the Test and Evaluation Project 045, Grant Anticipation Revenue Vehicle Bonds, the Transportation Infrastructure Finance and Innovation Act, and the State Infrastructure Bank. Data from two proposed projects are used as case studies in the analysis.

• Record URL:
  https://hdl.handle.net/2027/mdp.39015058773691?urlappend=%3Bseq=63
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/7938948
• Corporate Authors:

  Eno Transportation Foundation

  1250 I Street, NW, Suite 750
  Washington, DC  United States  20005
• Authors:
  • Drike, K
  • Sinha, K C
• Publication Date: 2003

Language

• English

Media Info

• Features: Figures; References; Tables;
• Pagination: p. 59-76
• Serial:
  • Transportation Quarterly
  • Volume: 57
  • Issue Number: 1
  • Publisher: Eno Transportation Foundation
  • ISSN: 0278-9434

Subject/Index Terms

• TRT Terms: Bonds; Case studies; Costs; Debt; Economic impacts; Federal government; Financial analysis; Financing; Government funding; Highway planning; Infrastructure; Legal factors; Revenues; User benefits
• Identifier Terms: Grant Anticipation Revenue Vehicle Bonds; State infrastructure Bank; Test and Evaluation Project 045; Transportation Infrastructure Finance and Innovation Act
• Geographic Terms: Indiana
• Subject Areas: Economics; Finance; Highways; Law; I10: Economics and Administration;

Filing Info

• Accession Number: 00936745
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 24 2003 12:00AM