Innovative Project Finance

Size: px
Start display at page:

Download "Innovative Project Finance"

Transcription

1 Innovative Project Finance National Governor s Association Utah State Planning Retreat on Public-Private Partnerships Ivan Marrero, P.E. Division Administrator, FHWA Utah October 7, 2016

2 The Status Quo: U.S. Infrastructure Backlog Financing and funding infrastructure has become more difficult than actually building it Not due to lack of financing dollars: U.S. DOT has over $50 billion available in Federal assistance programs Access to this financing requires complying with federal regulations, complex credit structures, and the need to coordinate with multiple points of contact within the federal government 3

3 A New Formula for Infrastructure Investment July 2016 USDOT unveiled the Build America Bureau. The BUILD AMERICA BUREAU 5

4 The Bureau s Mission 6

5 Current and Future Roles of the Bureau Serve as the One-Stop Shop for project sponsors to access DOT technical assistance and credit programs; Administer the Credit Programs for RRIF and TIFIA loans, PABs and the new FASTLANE Grant program; Streamline DOT credit application and review processes; Provide technical assistance and best practices and financing and funding opportunities; Reduce uncertainty and delays related to environmental reviews and permitting; Assist in mitigating project delivery and procurement risks and costs for projects financed by the USDOT infrastructure finance programs; Increase transparency and the public availability of information regarding projects financed by the USDOT infrastructure finance programs. 7

6 What is Innovative Finance Innovative Finance Use of project-based revenues (e.g., tolling, value capture) Use of credit to leverage future revenues Expanded private sector role in financing and delivering projects Conventional Transportation Funding Gas taxes Pay-as-you-go Issue State-backed bonds I-495 Capital Beltway, Virginia 9

7 Ohio River Bridges Project $2.3 billion for two new bridges across the Ohio River Kentucky and Indiana worked together, but approached their bridge projects differently: Kentucky: design-build using GARVEEs, TIFIA, and tolls to fund Indiana: a design-build-finance -operate-maintain P3 with an availability payment structure financed with PABs and TIFIA East End Bridge, Indiana Downtown Bridge, Kentucky 10

8 So Why Use Innovative Finance? Accelerate project delivery Ex. Florida I-595 completed almost decade sooner Spread out project costs Ex. Washington SR 520 relies on TIFIA and revenue bonds to better match life cycle cost of the asset Provide additional options for state and local agencies Ex. Minnesota s SIB provides low interest loans to cities, counties, and other transportation agencies Leverage Federal grant funds and credit Ex. Ohio s GARVEE bond program leverages future Federal funding to generate up-front capital for building critical projects sooner Leverage private sector equity and expertise Ex. Indiana East End Crossing s PABs attracted a significant portion of private investment to the project 11

9 12

10 State Infrastructure Banks (SIBs) What are SIBs? State-administered revolving funds using Federal and/or State transportation dollars to provide credit assistance for transportation projects They function like banks offering loans and lines of credit to public and private sponsors 33 States have established SIBs. Issued 972 loans totaling $5.8 billion States capitalize SIBs by taking the Federal-aid funds and providing the local match Why use SIBs? Allow States to provide affordable credit assistance to local projects Leverage Federal funding Accelerate project delivery Attract local funding and revenues for projects Attractive to private investment by lowering the financial risk and creating a stronger market condition. 13

11 Minnesota SIB Minnesota s SIB, named the Transportation Revolving Loan Fund (TRLF), was established in 1997 Functions like a commercial bank providing low interest loans to cities, counties, and other transportation agencies Issued $50.3 million in loans which have been leveraged to finance over $160 million in transportation projects $4 million Federal general funds $31 million Federal formula funds $7 million State highway funds $8.3 million State general funds I-94, Minnesota 14

12 Transportation Infrastructure Finance and Innovation Act (TIFIA) of 1998 What is TIFIA? Federal program that provides loans, loan guarantees and lines of credit to transportation projects The project must cost $50 million or 33.3% of the state s annual federal apportionment, whichever is less. Projects are selected by the Secretary of Transportation. USDOT sets aside $122 million each year Program s lending capacity has grown to about $20 billion in credit assistance Why use TIFIA? Leverages Federal, State and local resources and stimulates private investment Accelerates project delivery by accessing additional upfront funds Provides low interest rates and flexible repayment terms 15

13 Texas IH 635 Managed Lanes Project $2.62 billion project utilizes $850 million of TIFIA funding TIFIA loan represents nearly one-third of the project s financing package TIFIA loan enabled TxDOT to structure public-private partnership (P3) project financing including: $664 million private equity $615 million Private Activity Bonds State, local and Federal funds 16

14 Private Activity Bonds (PABs) What are PABs? Debt instruments issued by State or Local governments Allow for tax-exempt bonds for projects with private investment Highway projects made eligible for PABs by SAFETEA-LU Limited to $15 Billion Used on 16 projects totaling $5.9 Billion. Allocations have been approved for 6 projects totaling $5.7 Billion. Why use PABs? Offset higher costs of capital generally incurred by the private sector in Public Private Partnerships (P3s) Can contribute to making P3 projects financially feasible 17

15 Indiana East End Crossing PABs Part of bi-state (Indiana and Kentucky) Ohio River Bridges Project East End Span financing package includes: $677 million PABs $78 million private equity $392 million payments from Indiana Finance Authority and Indiana DOT PABs represent 62 percent of the project s financing PABs attracted a significant amount of private investment 18

16 Grant Anticipation Revenue Vehicles (GARVEEs) What are GARVEEs? Tax-exempt bonds issued by States, backed by and repaid with future FHWA Federal-aid funding Why use GARVEEs? Accelerates construction Provides better funds management Avoids inflation costs by advancing project construction Enables large project financing Provides financing at relatively low interest rates 19

17 Washington SR 520 Floating Bridge Reconstruct floating bridge connecting Seattle to Redmond Raise and widen bridge $2.7 billion project GARVEE Bond financing $786 million TIFIA financing $300 million GARVEE bonds represent the largest portion (29.1 percent) of the project s funding SR 520, Washington State

18 What is RRIF? Railroad Rehabilitation & Improvement Financing (RRIF) Federal program that provides direct loans and loan guarantees to finance railroad infrastructure projects Program can lend up to $35 billion in credit assistance 27 states. 35 loans totaling $2.7 billion Why use RRIF? Direct loans can fund up to 100% of eligible project costs Small Loans (< $100,000) can be approved Provides low interest rates and flexible repayment terms 21

19 New Priority for the Bureau: Transit Oriented Development (TOD) The FAST Act makes TOD expenses and projects eligible under TIFIA and RRIF What is TOD: Promotes commercial and residential development near transit hubs Can increase transit ridership Promotes walkable, sustainable land use 22

20 Additional Bureau Resources Innovation in Practice Case Studies Webinar Series through BATIC Institute: Pennsylvania Rapid Bridge Replacement Denver Union Station Eagle P3 Commuter Rail TIFIA s FAST Act guidance webinars: Active Transportation Networks State Infrastructure Banks (SIBs) Ports Transit Oriented Development (TOD) Best Practices Papers: Surface Transportation P3s Availability Payment Concessions P3 Model Contract Guide Core Toll Concession P3 Model Contract Guide 23

21 Advances innovation FHWA Center for Innovative Finance Support (CIF$) Activities Provides Technical assistance Serves as FHWA s liaison with the Build America Bureau Development of tools and guidance on innovative finance techniques Cooper River Bridge, South Carolina SC 22, South Carolina 24

22 Contact Information Ivan Marrero, P.E. Division Administrator FHWA Utah Division Office (801) Mark Sullivan Director, Center for Innovative Finance Support Office of Innovative Program Delivery

23 Phone:

Build America Transportation Investment Center. Office of the Secretary U.S. Department of Transportation

Build America Transportation Investment Center. Office of the Secretary U.S. Department of Transportation Build America Transportation Investment Center Office of the Secretary U.S. Department of Transportation Background On July 17, 2014 the President announced the Build America Investment Initiative: a government-wide

More information

9. Positioning Ports for Grant Funding and Government Loan Programs

9. Positioning Ports for Grant Funding and Government Loan Programs 9. Positioning Ports for Grant Funding and Government Loan Programs 9.1. Grant Funding Overview Grant funding continues to be a key factor for ports in meeting capital investment requirements. Grants can

More information

FHWA/USDOT Role in Project Finance

FHWA/USDOT Role in Project Finance April 2008 Federal Tools for Project Finance Transportation Infrastructure Finance Workshop U.S. DOT/AASHTO Center for Excellence Chicago, IL Jennifer R. Mayer Federal Highway Administration Resource Center

More information

Appendix 5 Freight Funding Programs

Appendix 5 Freight Funding Programs 5. Chapter Heading Appendix 5 Freight Programs Table of Contents 4.1 Surface Transportation Block Grant (STBG);... 5-1 4.2 Transportation Investment Generating Economic Recovery Discretionary Grant Program

More information

TEXAS DEPARTMENT OF TRANSPORTATION. Transportation and the Federal Government

TEXAS DEPARTMENT OF TRANSPORTATION. Transportation and the Federal Government TEXAS DEPARTMENT OF TRANSPORTATION Transportation and the Federal Government The Role of the Federal Government in State Transportation Programs U.S. Highway 290 BACKGROUND The Federal-Aid Highway Program

More information

Financing Transit Projects with Traditional and Innovative Sources And Mechanisms

Financing Transit Projects with Traditional and Innovative Sources And Mechanisms Financing Transit Projects with Traditional and Innovative Sources And Mechanisms Exploring the Potential for Bus Rapid Transit and Transit- Oriented Development in the I- 287/Tappan Zee Bridge Corridor

More information

US TOLL ROAD REDUX RAYMOND H. ELLIS, MANAGING DIRECTOR DMJM HARRIS, AECOM TECHNOLOGY CORP.

US TOLL ROAD REDUX RAYMOND H. ELLIS, MANAGING DIRECTOR DMJM HARRIS, AECOM TECHNOLOGY CORP. US TOLL ROAD REDUX RAYMOND H. ELLIS, MANAGING DIRECTOR DMJM HARRIS, AECOM TECHNOLOGY CORP. NORTHWESTERN UNIVERSITY TRANSPORTATION CENTER BUSINESS ADVISORY COUNCIL OCTOBER 3, 2007 KEY TOLL ROAD DRIVERS

More information

SUMMARY OF THE GROW AMERICA ACT As Submitted to Congress on April 29, 2014

SUMMARY OF THE GROW AMERICA ACT As Submitted to Congress on April 29, 2014 SUMMARY OF THE ACT As Submitted to Congress on April 29, 2014 The U.S. Department of Transportation (USDOT) submitted the Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency,

More information

Funding Principles. Years Passed New Revenue Credit Score Multiplier >3 years 0% % % % After Jan %

Funding Principles. Years Passed New Revenue Credit Score Multiplier >3 years 0% % % % After Jan % Funding Principles I. Infrastructure Incentives Initiative: encourages state, local and private investment in core infrastructure by providing incentives in the form of grants. Federal incentive funds

More information

STATEMENT OF The American Association of State Highway and Transportation Officials

STATEMENT OF The American Association of State Highway and Transportation Officials STATEMENT OF The American Association of State Highway and Transportation Officials REGARDING The Use of TIFIA and Innovative Financing in Improving Infrastructure to Enhance Safety, Mobility, and Economic

More information

Infrastructure Financing: A Guide for Local Government Managers

Infrastructure Financing: A Guide for Local Government Managers Infrastructure Financing: A Guide for Local Government Managers Dr. Can Chen, Assistant Professor Florida International University Dr. John R. Bartle, Professor and Dean University of Nebraska at Omaha

More information

Eagle Project Update

Eagle Project Update Construction of Peña Bridge November 2012 Eagle Project Update Eagle P3 Project Update Rick Clarke Assistant General Manager, Capital Programs March 5, 2014 Regional Transportation District (RTD) Performs

More information

Falling Forward: A Guide to the FAST Act

Falling Forward: A Guide to the FAST Act Falling Forward: A Guide to the FAST Act August 18, 2016 www.t4america.org @t4america Today s Presenter Joe McAndrew Policy Director Transportation for America joe.mcandrew@t4america.org 202-955-5543 x

More information

PROJECT DELIVERY MODELS ARKANSAS PLANNING RETREAT ON P3S. J. Douglas Koelemay, Director October 7, 2015

PROJECT DELIVERY MODELS ARKANSAS PLANNING RETREAT ON P3S. J. Douglas Koelemay, Director October 7, 2015 PROJECT DELIVERY MODELS ARKANSAS PLANNING RETREAT ON P3S J. Douglas Koelemay, Director October 7, 2015 VIRGINIA LEADERSHIP IN PUBLIC-PRIVATE PARTNERSHIPS Virginia and California first P3 legislation in

More information

Association of Metropolitan Planning Organizations Fixing America s Surface Transportation (FAST) Act

Association of Metropolitan Planning Organizations Fixing America s Surface Transportation (FAST) Act Association of Metropolitan Planning Organizations Fixing America s Surface Transportation (FAST) Act General Overview Total authorizations (Highway Trust Fund, HTF, Contract Authority plus General Funds

More information

The RTD FasTracks Plan

The RTD FasTracks Plan Citizens Advisory Committee Quarterly Meeting June 16, 2010 The RTD FasTracks Plan 122 miles of new light rail and commuter rail 18 miles of Bus Rapid Transit (BRT) 31 new park-n-rides with over 21,000

More information

Massachusetts Department of Transportation (MassDOT) Route 3 South Managed Lanes Project DRAFT FOR DISCUSSION PURPOSES ONLY

Massachusetts Department of Transportation (MassDOT) Route 3 South Managed Lanes Project DRAFT FOR DISCUSSION PURPOSES ONLY Massachusetts Department of Transportation (MassDOT) Project High Level P3 Project Suitability Assessment Report September 11, 2013 Contents Proposed Project Description Project Background and Status Commonwealth

More information

May 22, Pamela Bailey-Campbell. Vice President - North America Infrastructure Consultancy Jacobs Engineering, Inc.

May 22, Pamela Bailey-Campbell. Vice President - North America Infrastructure Consultancy Jacobs Engineering, Inc. May 22, 2013 Pamela Bailey-Campbell Vice President - North America Infrastructure Consultancy Jacobs Engineering, Inc. Public Partners Arizona Department of Transportation Office of P3 Initiatives City

More information

Public-Private Partnerships for Transportation

Public-Private Partnerships for Transportation 2011 NCSL Fall Forum Public-Private Partnerships for Transportation Leon Corbett Project Finance Manager, FDOT Office of Comptroller November 30, 2011 Florida s History of Public-Private Partnerships Outsourcing

More information

Highway and Light Rail Public-Private Partnerships in the U.S.: Protecting the Public Interest

Highway and Light Rail Public-Private Partnerships in the U.S.: Protecting the Public Interest Highway and Light Rail Public-Private Partnerships in the U.S.: Protecting the Public Interest Maureen Luna-Long U.S. Government Accountability Office 5 th Annual Meeting of Senior PPP Officials Organisation

More information

Commuter Rail Expansion and Transit Oriented Development in Northwest Indiana. Northwest Indiana Regional Development Authority

Commuter Rail Expansion and Transit Oriented Development in Northwest Indiana. Northwest Indiana Regional Development Authority Commuter Rail Expansion and Transit Oriented Development in Northwest Indiana Northwest Indiana Regional Development Authority REGIONAL DEVELOPMENT AUTHORITY TEAM RDA was created in 2006 to catalyze key

More information

Lessons Learned for a Transit Public-Private Partnership. Phillip A. Washington, General Manager Regional Transportation District

Lessons Learned for a Transit Public-Private Partnership. Phillip A. Washington, General Manager Regional Transportation District Lessons Learned for a Transit Public-Private Partnership Phillip A. Washington, General Manager Regional Transportation District Feb. 7, 2011 The RTD FasTracks Plan 122 miles of new light rail and commuter

More information

Partnership Financing: Improving Transportation Through Public Private Partnerships

Partnership Financing: Improving Transportation Through Public Private Partnerships Partnership Financing: Improving Transportation Through Public Private Partnerships Executive Summary Long-term funding sources for transportation are uncertain, and innovative alternatives for both financing

More information

Staff Approve Resolution R to amend the FY TIP.

Staff Approve Resolution R to amend the FY TIP. ITEM 11 Action April 19, 2017 Approval to Amend the FY 2017-2022 (TIP) to add nine New Projects to the FY 2017-2022 TIP, As Requested By the Virginia Department of Transportation (VDOT) Staff Recommendation:

More information

2016 DOT Discretionary Grants

2016 DOT Discretionary Grants + 2016 DOT Discretionary Grants Presented by: Robert Mariner Office of the Assistant Secretary for Transportation Policy United States Department of Transportation + 2 $500 million multimodal, merit-based

More information

Public Private Partnerships and Transit Not Just for Mega Projects Karin DeMoors October 28, 2015

Public Private Partnerships and Transit Not Just for Mega Projects Karin DeMoors October 28, 2015 Public Private Partnerships and Transit Not Just for Mega Projects Karin DeMoors October 28, 2015 Presentation Overview What is a Public Private Partnership (P3)? Mega Project Focus Range of Partnerships

More information

Massachusetts Department of Transportation (MassDOT) The South Coast Rail Project DRAFT FOR DISCUSSION PURPOSES ONLY

Massachusetts Department of Transportation (MassDOT) The South Coast Rail Project DRAFT FOR DISCUSSION PURPOSES ONLY Massachusetts Department of Transportation (MassDOT) The High Level P3 Project Suitability Assessment Report September 11, 2013 Contents Proposed Project Description Project Background and Status Commonwealth

More information

REQUEST FOR INFORMATION

REQUEST FOR INFORMATION REQUEST FOR INFORMATION OKLAHOMA TURNPIKE AUTHORITY GILCREASE EXPRESSWAY RFI Issue Date: January 2, 2018 RFI Response Due Date: January 31, 2018 The Oklahoma Turnpike Authority ( Authority ) is seeking

More information

First & Main A Blueprint for Prosperity in America s Local Communities

First & Main A Blueprint for Prosperity in America s Local Communities First & Main A Blueprint for Prosperity in America s Local Communities The corner of First & Main is where everything happens. Whether in a rural area, a tribal community, or a smaller city, First & Main

More information

Legislative Outline for Rebuilding Infrastructure in America

Legislative Outline for Rebuilding Infrastructure in America Legislative Outline for Rebuilding Infrastructure in America THE WHITE HOUSE TO THE CONGRESS OF THE UNITED STATES: I have enclosed with this message my Administration s framework for rebuilding infrastructure

More information

Highway and Public Transportation Infrastructure Provision Using Public-Private Partnerships (P3s)

Highway and Public Transportation Infrastructure Provision Using Public-Private Partnerships (P3s) Highway and Public Transportation Infrastructure Provision Using Public-Private Partnerships (P3s) William J. Mallett Specialist in Transportation Policy March 5, 2014 Congressional Research Service 7-5700

More information

The Maryland Transportation Authority has. Staff Approve Resolution R to amend the FY TIP.

The Maryland Transportation Authority has. Staff Approve Resolution R to amend the FY TIP. ITEM 13 Action March 29, 2017 Approval to Amend the FY 2017-2022 Transportation Improvement Program (TIP) to Add the Governor Harry W. Nice Bridge Improvement Project For the Maryland Transportation Authority

More information

MOVE LV. Show Us the $ + Transportation Funding May 25, 2016, 12 PM MOVE LEHIGH VALLEY

MOVE LV. Show Us the $ + Transportation Funding May 25, 2016, 12 PM MOVE LEHIGH VALLEY MOVE LV Show Us the $ + Transportation Funding May 25, 2016, 12 PM MOVE LEHIGH VALLEY Services PLANNING DATA + ANALYSIS EDUCATION PROJECTS + LAWS FUNDING Federal Government State Government Regional

More information

The FAST Act: Update on Surface Transportation Legislation. December 16, 2015

The FAST Act: Update on Surface Transportation Legislation. December 16, 2015 The FAST Act: Update on Surface Transportation Legislation December 16, 2015 FAST Act Overview of Webinar 1. Reauthorization process 2. How the FAST Act (H.R. 22) addresses county priorities 3. Other programs

More information

Transportation Alternatives Program (TAP) Recreational Trails Program (RTP)

Transportation Alternatives Program (TAP) Recreational Trails Program (RTP) Transportation Alternatives Program (TAP) Recreational Trails Program (RTP) www.fhwa.dot.gov/environment/transportation_alternatives/overview/presentation/ 1 Transportation Alternatives Program Authorized

More information

VIRGINIA S P3 PROGRAM

VIRGINIA S P3 PROGRAM Commonwealth of Virginia Office of Transportation P3 s Tony Kinn, Director Jackie Cromwell VIRGINIA S P3 PROGRAM July 28, 2011 Office of Transportation Public-Private Partnerships OTP3 contacts: Tony Kinn,

More information

Roanoke Regional Chamber of Commerce 2012 Legislative Policies

Roanoke Regional Chamber of Commerce 2012 Legislative Policies Roanoke Regional Chamber of Commerce 2012 Legislative Policies The Roanoke Regional Chamber works on behalf of its members to create a thriving business climate, strengthen private enterprise, and improve

More information

Update on Transportation Funding and Potential Sources for Additional Revenue. June 19, 2017

Update on Transportation Funding and Potential Sources for Additional Revenue. June 19, 2017 Update on Transportation Funding and Potential Sources for Additional Revenue June 19, 2017 Existing Transportation Challenges in GWRC (PDC 16) Severe Reoccurring Congestion along I-95 Corridor I-95 &

More information

FTA and Tribal Transit Program Past, Present, and Future

FTA and Tribal Transit Program Past, Present, and Future FTA and Tribal Transit Program Past, Present, and Future NW TTAP and BIA Symposium Portland, OR March 18, 2015 Agenda FTA Overview Funding FTA funding available for Tribal Transit How to Access FTA Funding

More information

Maritime Administration Update. January 14, 2016 Captain Bob Loken Director PNW, Alaska, Guam, Hawaii Gateways

Maritime Administration Update. January 14, 2016 Captain Bob Loken Director PNW, Alaska, Guam, Hawaii Gateways Maritime Administration Update January 14, 2016 Captain Bob Loken Director PNW, Alaska, Guam, Hawaii Gateways MARAD Associate Administrator for Intermodal New Associate Administrator for Intermodal System

More information

The American Recovery and Reinvestment Act of Enacted February 17, 2009

The American Recovery and Reinvestment Act of Enacted February 17, 2009 The American Recovery and Reinvestment Act of 2009 http://www.dot.gov/recovery/ Enacted February 17, 2009 A Rose by any other name The American Recovery and Reinvestment Act of 2009 Was commonly referred

More information

Drive America s Economy Forward by Reinvesting in Municipal Infrastructure

Drive America s Economy Forward by Reinvesting in Municipal Infrastructure Drive America s Economy Forward by Reinvesting in Municipal Infrastructure WWW.NLC.ORG/INFRASTRUCTURE Drive America s Economy Forward Drive America s Economy Forward by Reinvesting in Municipal Infrastructure

More information

Transportation Funding Terms and Acronyms Unraveling the Jargon

Transportation Funding Terms and Acronyms Unraveling the Jargon Funding Terms and Acronyms Unraveling the Jargon Every profession has its own acronyms and jargon. The shorthand wording makes it easier and quicker for professionals in any given field to communicate

More information

Amendment 3 of Horizon 2030 Metropolitan Transportation Plan Amendment 3 of FY 2011 FY 2015 Transportation Improvement Program.

Amendment 3 of Horizon 2030 Metropolitan Transportation Plan Amendment 3 of FY 2011 FY 2015 Transportation Improvement Program. Amendment 3 of Horizon 2030 Metropolitan Transportation Plan Amendment 3 of FY 2011 FY 2015 Transportation Improvement Program November 2011 KIPDA ID State ID Project Name Project Description Project Sponsor

More information

$5.2 Billion Transportation Funding Deal Announced, includes $1.5 Billion for Local Streets and Roads

$5.2 Billion Transportation Funding Deal Announced, includes $1.5 Billion for Local Streets and Roads 1400 K Street, Suite 400 Sacramento, California 95814 Phone: (916) 658-8200 Fax: (916) 658-8240 www.cacities.org $5.2 Billion Transportation Funding Deal Announced, includes $1.5 Billion for Local Streets

More information

Federal Public Transportation Program: In Brief

Federal Public Transportation Program: In Brief Federal Public Transportation Program: In Brief William J. Mallett Specialist in Transportation Policy December 2, 2013 Congressional Research Service 7-5700 www.crs.gov R42706 Contents Introduction...

More information

The Money Issue: Financing and Funding Tribal Transit. Community Transportation EXPO Tampa, Florida June 3, 2015

The Money Issue: Financing and Funding Tribal Transit. Community Transportation EXPO Tampa, Florida June 3, 2015 The Money Issue: Financing and Funding Tribal Transit Community Transportation EXPO Tampa, Florida June 3, 2015 Diversified Funding Not Putting All Of Your Eggs In One Basket Diversification= Flexibility=

More information

LEVERAGING TRADE AND INVESTMENT TO BUILD A STRONGER ECONOMY

LEVERAGING TRADE AND INVESTMENT TO BUILD A STRONGER ECONOMY LEVERAGING TRADE AND INVESTMENT TO BUILD A STRONGER ECONOMY New Mexico must establish itself as a player in the global economy. The current administration s short-sighted approach has put New Mexico far

More information

S E N A T E F I S C A L O F F I C E I S S U E B R I E F 2016-S RhodeWorks FEBRUARY 2, 2016

S E N A T E F I S C A L O F F I C E I S S U E B R I E F 2016-S RhodeWorks FEBRUARY 2, 2016 2016-S-2246 - RhodeWorks FEBRUARY 2, 2016 SUMMARY 2016-S-2246 - The Rhode Island Bridge Replacement, Reconstruction and Maintenance Fund Act of 2016, also known as RhodeWorks, does the following: Allows

More information

Public-Private Partnership Program May 2015 Transit Coalition Update

Public-Private Partnership Program May 2015 Transit Coalition Update Public-Private Partnership Program May 2015 Transit Coalition Update Los Angeles County Metropolitan Transportation Authority Mark Linsenmayer Director Presentation Agenda Overview of Metro Public Private

More information

Long-Term Funding for Highways and Transit Programs. Edward L. Mortimer. Executive Director, Transportation Infrastructure

Long-Term Funding for Highways and Transit Programs. Edward L. Mortimer. Executive Director, Transportation Infrastructure Building a 21 st Century Infrastructure for America: Long-Term Funding for Highways and Transit Programs Edward L. Mortimer Executive Director, Transportation Infrastructure 1615 H Street NW Washington,

More information

Grants 101: An Introduction to Federal Grants for State and Local Governments

Grants 101: An Introduction to Federal Grants for State and Local Governments Grants 101: An Introduction to Federal Grants for State and Local Governments Introduction FFIS has been in the federal grant reporting business for a long time about 30 years. The main thing we ve learned

More information

SAFETEA-LU s IMPACTS ON ODOT MARCH 2006

SAFETEA-LU s IMPACTS ON ODOT MARCH 2006 SAFETEA-LU s IMPACTS ON ODOT MARCH 2006 Developed by the SAFETEA-LU Implementation Working Group TABLE OF CONTENTS Executive Summary 1 Introduction 6 Highway Programs and Policies 7 Public Transportation

More information

MINISTÈRE DES TRANSPORTS, DE LA MOBILITÉ DURABLE ET DE L ÉLECTRIFICATION DES TRANSPORTS

MINISTÈRE DES TRANSPORTS, DE LA MOBILITÉ DURABLE ET DE L ÉLECTRIFICATION DES TRANSPORTS MINISTÈRE DES TRANSPORTS, DE LA MOBILITÉ DURABLE ET DE L ÉLECTRIFICATION DES TRANSPORTS An Overview of the Public- Private Partnership Model in Québec June 6th, 2016 Agenda Introduction The P3 Approach

More information

Transportation Needs and Funding Role of Impact Fees. January 6, 2015 BoCC Workshop

Transportation Needs and Funding Role of Impact Fees. January 6, 2015 BoCC Workshop Transportation Needs and Funding Role of Impact Fees January 6, 2015 BoCC Workshop 1 Impact Fees Provide Facilities for: Roads* Schools Parks Fire EMS *Most significant element 2 Discussion Topics Current

More information

TABLE OF CONTENTS EXECUTIVE SUMMARY

TABLE OF CONTENTS EXECUTIVE SUMMARY TABLE OF CONTENTS EXECUTIVE SUMMARY v SECTION 1 BACKGROUND. 1 Coalfields Expressway.. 1 Route 460 Connector... 3 Corridor Q. 4 Project History.. 5 Current Activities.. 7 Project Implementation Schedule.

More information

TRANSPORTATION DECISIONMAKING. Information Tools for Tribal Governments. Financial Planning

TRANSPORTATION DECISIONMAKING. Information Tools for Tribal Governments. Financial Planning TRANSPORTATION DECISIONMAKING Information Tools for Tribal Governments Financial Planning i TABLE OF CONTENTS OVERVIEW 1 I. INTRODUCTION 2 II. WHAT IS FINANCIAL PLANNING, AND HOW DOES IT WORK? 10 When

More information

SAFETEA-LU. Overview. Background

SAFETEA-LU. Overview. Background SAFETEA-LU This document provides information related to the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) that was previously posted on the Center for

More information

Fixing America s Surface Transportation Act

Fixing America s Surface Transportation Act A-1 Fixing America s Surface Transportation Act A Comprehensive Analysis A-2 TABLE OF CONTENTS Executive Summary A-4 Highway Program Funding A-5 Apportionments Among the States A-7 Market Impacts A-9 Highway

More information

PUBLIC-PRIVATE PARTNERSHIP PROGRAM, HIGH DESERT CORRIDOR

PUBLIC-PRIVATE PARTNERSHIP PROGRAM, HIGH DESERT CORRIDOR 29 One Gateway Plaza Los Angeles, CA 90012-2952 213.922.2000 l metro. net PLANNING AND PROGRAMMING COMMITTEE MARCH 20, 2013 SUBJECT: ACTION: PUBLIC-PRIVATE PARTNERSHIP PROGRAM, HIGH DESERT CORRIDOR RECEIVE

More information

Massachusetts Transportation Infrastructure Funding Gap: Revenue Alternatives - The Challenge and Potential Solutions

Massachusetts Transportation Infrastructure Funding Gap: Revenue Alternatives - The Challenge and Potential Solutions Massachusetts Transportation Infrastructure Funding Gap: - The Challenge and Potential Solutions Paul T. Godfrey, PE Associate Vice President, HNTB 1 Why are we considering this?? Federal and State Transportation

More information

August 3, Laura Mester Chief Administrative Officer Michigan Department of Transportation

August 3, Laura Mester Chief Administrative Officer Michigan Department of Transportation August 3, 2012 Laura Mester Chief Administrative Officer Michigan Department of Transportation % of Lane Miles 2004-2011 Pavement Condition 70 60 50 40 30 20 10 0 2004 2005 2006 2007 2008 2009 2010 2011

More information

HR&A Advisors. TOD Financing: The Reality of Today. Eric Rothman President HR&A Advisors, Inc. OCTOBER 2016

HR&A Advisors. TOD Financing: The Reality of Today. Eric Rothman President HR&A Advisors, Inc. OCTOBER 2016 HR&A Advisors TOD Financing: The Reality of Today OCTOBER 2016 Eric Rothman President HR&A Advisors, Inc. The 30 th Street Station District Plan is a long-term TOD vision and strategy to create a mixed-use

More information

The FAST Act: New Department of Transportation Tribal Self-Governance Program and Tribal Transportation Provisions

The FAST Act: New Department of Transportation Tribal Self-Governance Program and Tribal Transportation Provisions The FAST Act: New Department of Transportation Tribal Self-Governance Program and Tribal Transportation Provisions Self-Governance Communication and Education (SGCE) Hobbs, Straus, Dean & Walker, LLP January

More information

TENNESSEE TEXAS UTAH VERMONT VIRGINIA WASHINGTON WEST VIRGINIA WISCONSIN WYOMING ALABAMA ALASKA ARIZONA ARKANSAS

TENNESSEE TEXAS UTAH VERMONT VIRGINIA WASHINGTON WEST VIRGINIA WISCONSIN WYOMING ALABAMA ALASKA ARIZONA ARKANSAS ALABAMA ALASKA ARIZONA ARKANSAS CALIFORNIA COLORADO CONNECTICUT DELAWARE DISTRICT OF COLUMBIA FLORIDA GEORGIA GUAM MISSOURI MONTANA NEBRASKA NEVADA NEW HAMPSHIRE NEW JERSEY NEW MEXICO NEW YORK NORTH CAROLINA

More information

Transportation. Fiscal Research Division. March 24, Justification Review

Transportation. Fiscal Research Division. March 24, Justification Review Fiscal Research Division Hiighway Fund and Hiighway Trust Fund Secondary Roads Program Transportation Justification Review March 24, 2007 The General Assembly should eliminate or reduce funding for the

More information

Project ID: NTC2015-SU-R-04

Project ID: NTC2015-SU-R-04 Project ID: NTC2015-SU-R-04 ANALYSIS OF FUNDING STREAMS FOR PUBLIC PRIVATE PARTNERSHIPS (PPP) IN THE U.S. TRANSPORTATION SECTOR A STUDY OF DESIGN-BUILD-FINANCE-OPERATE- MAINTAIN (DBFOM) Final Report by

More information

TRB National Cooperative Rail Research Program: Report 1. Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects

TRB National Cooperative Rail Research Program: Report 1. Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects TRB National Cooperative Rail Research Program: Report 1 (NCRRP 07-01) Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects Marc-André Roy December 2, 2015 APTA High Speed

More information

GATEWAY PROGRAM UPDATE

GATEWAY PROGRAM UPDATE September 15, 2017 GATEWAY PROGRAM UPDATE John D. Porcari, Interim Executive Director GATEWAY PROGRAM: RECENT ACCOMPLISHMENTS» Federal funding and financing submittals» Portal North Bridge Project» Hudson

More information

Village of Hinckley: Local, State and Federal Tax Incentive Programs

Village of Hinckley: Local, State and Federal Tax Incentive Programs www.dcedc.org 421 N. California Street Suite 200 Sycamore, IL 60178 [phone] 815.895.2711 [fax] 815.895.8713 Village of Hinckley: Local, State and Federal Tax Incentive Programs Following is a brief description

More information

GDOT & Federal-Aid Highway Financing

GDOT & Federal-Aid Highway Financing GDOT & Federal-Aid Highway Financing November 21, 2014 ARC TCC Andrew Heath, P.E., Exec. Asst. to the Chief Engineer Albert Shelby, State Program Delivery Administrator The Federal Program - Definitions

More information

Interstate Tolling for Wisconsin: Why and How

Interstate Tolling for Wisconsin: Why and How Interstate Tolling for Wisconsin: Why and How by Robert W. Poole, Jr. Director of Transportation Policy Reason Foundation http://reason.org/transportation bob.poole@reason.org Interstate reconstruction/modernization

More information

Going Beyond Traditional Public Private Partnerships To Promote Community Development

Going Beyond Traditional Public Private Partnerships To Promote Community Development Going Beyond Traditional Public Private Partnerships To Promote Community Development Who is NDC and What Do We Do? Oldest national non-profit community development organization in the United States. Mission:

More information

DEPARTMENT OF TRANSPORTATION. Notice of Intent to Prepare Environmental Impact Statement, I-495 & I-270 Managed

DEPARTMENT OF TRANSPORTATION. Notice of Intent to Prepare Environmental Impact Statement, I-495 & I-270 Managed This document is scheduled to be published in the Federal Register on 03/16/2018 and available online at https://federalregister.gov/d/2018-05354, and on FDsys.gov DEPARTMENT OF TRANSPORTATION [4910-22-P]

More information

Please complete your phone connection now:

Please complete your phone connection now: Today s seminar will begin shortly. Please complete your phone connection now: 1. Dial the toll free number: 1-866-275-3495. 2. Enter the meeting number *4671867* on your phone keypad. Enter the star (*)

More information

Centre County Metropolitan Planning Organization (CCMPO) Coordinating Committee Meeting Tuesday, March 22, :00 p.m.

Centre County Metropolitan Planning Organization (CCMPO) Coordinating Committee Meeting Tuesday, March 22, :00 p.m. Centre County Metropolitan Planning Organization (CCMPO) Coordinating Committee Meeting Tuesday, March 22, 2011 6:00 p.m. Please Note the Location: Ferguson Township Municipal Building 1. Call to Order

More information

AGC of TEXAS Highway, Heavy, Utilities & Industrial Branch

AGC of TEXAS Highway, Heavy, Utilities & Industrial Branch AGC of TEXAS Highway, Heavy, Utilities & Industrial Branch THOMAS L. JOHNSON, Executive Vice President Texas Transportation Commission Meeting Highlights September 18 and 24, 2014 September 18 Commissioner

More information

TRANSPORTATION RESEARCH BOARD. 85th ANNUAL MEETING

TRANSPORTATION RESEARCH BOARD. 85th ANNUAL MEETING TRANSPORTATION RESEARCH BOARD 85th ANNUAL MEETING Panel on Public Private Initiatives: New Concepts in Transportation Project Delivery Recent Trends and Innovations January 23, 2006 Washington, DC GEOFFREY

More information

Navigating MAP 21. Securing Federal Funding for Community Walking & Biking Projects

Navigating MAP 21. Securing Federal Funding for Community Walking & Biking Projects Navigating MAP 21 Securing Federal Funding for Community Walking & Biking Projects Presenters Dave Tyahla NRPA Christopher Douwes Federal Highway Administration Margo Pedroso Safe Routes to School National

More information

PUBLIC TRANSPORTATION

PUBLIC TRANSPORTATION PUBLIC TRANSPORTATION 2017 Educational Series PUBLIC TRANSPORTATION OVERVIEW Federal and state law both require the Texas Department of Transportation (TxDOT) to support and promote public transportation

More information

Federal Tolling & Pricing Programs: MAP-21 Changes

Federal Tolling & Pricing Programs: MAP-21 Changes Federal Tolling & Pricing Programs: MAP-21 Changes Industry Webinar August 28, 2012 Regina McElroy Director Office of Innovative Program Delivery Federal Highway Administration Darren Timothy Program Development

More information

North Texas Commission 2017 Legislative Priorities

North Texas Commission 2017 Legislative Priorities North Texas Commission 2017 Legislative Priorities REGIONAL SCORECARD The North Texas Commission supports pro-growth state tax and regulatory policies that grow our economy and attract investment. We encourage

More information

Summary of. Overview. existing law. to coal ash. billion in FY. funding in FY 2013 FY 2014

Summary of. Overview. existing law. to coal ash. billion in FY. funding in FY 2013 FY 2014 H.R. 4348, THE MOVING AHEAD FOR PROGRESS IN THE 21ST CENTURY ACT CONFERENCE REPORT Summary of Key Highway and Research Provisions The following summary is intended to highlight thee highway and research

More information

STIP. Van Argabright November 9, 2017

STIP. Van Argabright November 9, 2017 2018-2027 STIP Van Argabright November 9, 2017 2018-2027 State Transportation Improvement Program (STIP) Adopted by BOT in August 2017 2 nd STIP produced under the Strategic Transportation Investments

More information

Texas Department of Transportation

Texas Department of Transportation Texas Department of Transportation DEWITT C. GREER STATE HIGHWAY BLDG 125 E. 11TH STREET AUSTIN, TEXAS 78701-2483' (512) 463-8585 September 28, 2009 Mary Katherine Stout Director of Budget, Planning &

More information

City of Seattle Partnering Agreement. December 2017

City of Seattle Partnering Agreement. December 2017 City of Seattle Partnering Agreement December 2017 Agenda System Expansion Plan West Seattle and Ballard Link Extensions Partnering Agreement System expansion Sound Transit s system expansion means every

More information

Update on HB2 Preparation. Presentation to FAMPO May, 2016

Update on HB2 Preparation. Presentation to FAMPO May, 2016 Update on HB2 Preparation Presentation to FAMPO May, 2016 Preparing for Next Round of HB2 and Next CLRP Positioning GWRC/FAMPO HB2 Projects to maximize project scores Candidate projects need to be in:

More information

Ronald D. Utt is the Herbert and Joyce Morgan Senior Research Fellow at The Heritage Foundation. The views I express in this presentation are my own

Ronald D. Utt is the Herbert and Joyce Morgan Senior Research Fellow at The Heritage Foundation. The views I express in this presentation are my own Ronald D. Utt is the Herbert and Joyce Morgan Senior Research Fellow at The Heritage Foundation. The views I express in this presentation are my own and should not be construed as representing any official

More information

Local Taxes and Highway Tolls: The New Normal

Local Taxes and Highway Tolls: The New Normal Local Taxes and Highway Tolls: The New Normal Los Angeles County Metropolitan Transportation Authority Public-Private Partnership Program August 16, 2012 Transportation and Infrastructure Summit Michael

More information

Contents. 1. StrongPorts background. 2. StrongPorts legislation. 3. Implementing StrongPorts. 4. Key aspects of StrongPorts

Contents. 1. StrongPorts background. 2. StrongPorts legislation. 3. Implementing StrongPorts. 4. Key aspects of StrongPorts November 2014 Contents 1. StrongPorts background 2. StrongPorts legislation 3. Implementing StrongPorts 4. Key aspects of StrongPorts 2 3 StrongPorts legislation Name: 2010 National Defense Authorization

More information

FY 2014 Per Capita Federal Spending on Major Grant Programs Curtis Smith, Nick Jacobs, and Trinity Tomsic

FY 2014 Per Capita Federal Spending on Major Grant Programs Curtis Smith, Nick Jacobs, and Trinity Tomsic Special Analysis 15-03, June 18, 2015 FY 2014 Per Capita Federal Spending on Major Grant Programs Curtis Smith, Nick Jacobs, and Trinity Tomsic 202-624-8577 ttomsic@ffis.org Summary Per capita federal

More information

Division A Federal Aid Highways And Highway Safety Construction Programs

Division A Federal Aid Highways And Highway Safety Construction Programs 2012 IMPLEMENTATION PLAN MAP-21 TABLE OF CONTENTS Introduction About this Document Division A Federal Aid Highways And Highway Safety Construction Programs TITLE I FEDERAL-AID HIGHWAYS Subtitle A Authorizations

More information

2018 Council on Rail Transportation FRA Update

2018 Council on Rail Transportation FRA Update 2018 Council on Rail Transportation FRA Update February 21, 2018 Agenda FRA S Focus Areas for FY18/19 Program Delivery Updates Completing New Grant Applications FAST Act Implementation and Rail Performance

More information

CHAPTER SEVEN: FINANCING

CHAPTER SEVEN: FINANCING CHAPTER SEVEN: FINANCING 7.1 Federal Funding Sources Federal revenue sources include the 18.4 cents per gallon tax on gasoline and 24.4 cents per gallon tax on diesel fuel. Other sources include various

More information

State Route 91 Corridor Improvement Project Update. State Route 91 Advisory Committee June 4, 2010

State Route 91 Corridor Improvement Project Update. State Route 91 Advisory Committee June 4, 2010 State Route 91 Corridor Improvement Project Update State Route 91 Advisory Committee June 4, 2010 Presentation Agenda Recent Project Milestones Project Development Schedule Environmental Permitting Design-Build

More information

DEVELOPMENT DISTRICT ASSOCIATION OF APPALACHIA

DEVELOPMENT DISTRICT ASSOCIATION OF APPALACHIA DEVELOPMENT DISTRICT ASSOCIATION OF APPALACHIA Jobs and Sustained Economic Growth. Workforce Readiness. Modern Infrastructure Assets. Quality of Life. Vibrant Communities. SUSTAINED ECONOMIC GROWTH. VIBRANT

More information

Table to accompany Insight on the Issues 39: Policy Options to Improve Specialized Transportation

Table to accompany Insight on the Issues 39: Policy Options to Improve Specialized Transportation Table to accompany Insight on the Issues 39: Policy Options to Improve Specialized Transportation Key Characteristics of the Section 5310, JARC, and New Freedom Programs Formal name Elderly Individuals

More information

Big Sky Regional Peer Exchange on Federal-aid Highway Program Financial Management

Big Sky Regional Peer Exchange on Federal-aid Highway Program Financial Management Big Sky Regional Peer Exchange on Federal-aid Highway Program Financial Management Date: May 9-10, 2018 Location: Salt Lake City, UT (UDOT Learning Center) Overview This customized exchange will provide

More information

Lorie Tudor, P.E. Deputy Director and Chief Operating Officer. Alma Area Chamber of Commerce

Lorie Tudor, P.E. Deputy Director and Chief Operating Officer. Alma Area Chamber of Commerce Lorie Tudor, P.E. Deputy Director and Chief Operating Officer Alma Area Chamber of Commerce Tuesday, July 18, 2017 New Name New Identity 1929 Arkansas Highway and Department of Lands 1977 Arkansas State

More information

ORIGINAL. Public Private Transportation Proposal USR 460. Richmond PROPOSER. September 14, 2006 TEAM MEMBERS

ORIGINAL. Public Private Transportation Proposal USR 460. Richmond PROPOSER. September 14, 2006 TEAM MEMBERS PROPOSER 7700 Chevy Chase Dr, Building I - Suite 500-C Austin, TX 78752 Mr. F. Jeff Hetzer Program Manager Innovative Project Delivery Division Virginia Department of Transportation 1221 E. Broad Street,

More information