Financing Megaprojects
This article discusses the financing of megaprojects, defined as $500 million-plus major infrastructure projects designed to increase the capacity of the transportation infrastructure and improve mobility. The author notes that states and localities are already busy meeting the requirements of operating, maintaining, and rehabilitating existing highway systems. Also, the size of megaprojects makes traditional financing approaches unfeasible. The author considers the emerging trend of using private-sector dollars to partially or totally finance megaprojects. Other topics covered include major projects completed during the 1990s, federal legislation related to megaprojects, funding variations, GARVEE and TIFIA programs, public-private partnerships, developing valid estimates, new skills required of public-sector decisionmakers, and financing for the future. The author concludes that by combining the various tools and techniques available, including stretching public dollars with private investment, highway agencies will have more options to deliver innovation, cost savings, and quality improvements.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/oclc/1586080
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Authors:
- Capka, J Richard
- Publication Date: 2006-1
Language
- English
Media Info
- Media Type: Print
- Features: Photos; Tables;
- Pagination: pp 12-18
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Serial:
- Public Roads
- Volume: 69
- Issue Number: 4
- Publisher: Federal Highway Administration
- ISSN: 0033-3735
- Serial URL: https://www.fhwa.dot.gov/publications/publicroads/
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Publication flags:
Open Access (libre)
Subject/Index Terms
- TRT Terms: Cost effectiveness; Federal government agencies; Financial capital; Financing; Highway planning; Infrastructure; Legislation; Megaprojects; Public private partnerships
- Identifier Terms: U.S. Federal Highway Administration
- Subject Areas: Administration and Management; Finance; Highways; Law; Planning and Forecasting; I10: Economics and Administration; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 01020694
- Record Type: Publication
- Files: TRIS
- Created Date: Mar 27 2006 6:56AM