Debt Finance Practices for Surface Transportation

Debt Finance Practices for Surface Transportation

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This report presents basic principles of debt issuance for public agencies. The primary focus is on the current practices of state agencies with responsibilities for surface transportation investment. The report may be useful in assisting in the decision on when and how to best use debt financing techniques to fund investments in transportation infrastructure. Anticipated audiences include those with financial oversight responsibilities for state departments of transportation (DOTs), public authorities, and local governments. Others who may benefit include legislative oversight committees and the media. Information for this report was gathered through a literature review, a comprehensive survey of state DOTs, selected interviews, and a study of selected state policies, guidelines, and documentation. Tamar Henkin, on behalf of TransTech Management, Inc., Washington, D.C., collected and synthesized the information and wrote the report. The members of the topic panel are acknowledged on the preceding page. This synthesis is an immediately useful document that records the practices that were acceptable within the limitations of the knowledge available at the time of its preparation. As progress in research and practice continues, new knowledge will be added to that now at hand.The materials provide a broad range of information on the state of the practice in transportation project finance. The information includes a summary of ... Topics, techniques, and tools covered in the primer include a wide range of financialanbsp;...

Title:Debt Finance Practices for Surface Transportation
Author:Tamar Henkin
Publisher:Transportation Research Board - 2009-01-01


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