MANAGING TRANSPORTATION FINANCING IN AN INNOVATIVE WAY

Xueming Chen ()
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Xueming Chen: Virginia Commonwealth University, 923 West Franklin Street, Richmond, VA 23284 United States of America

Management Research and Practice, 2012, vol. 4, issue 3, 5-17

Abstract: Traditional transportation financing is no longer able to meet new transportation financing requirements, therefore an innovative transportation financing program is called for. Innovative transportation financing program can generate new revenue and speed up transportation project delivery process. In spite of its funding potentials, innovative financing mechanism is also constrained by many factors, such as legal authority, eligible uses and others. In the foreseeable future, loan-based financing mechanism will gradually be phased in, and grant-based financing mechanism will gradually be phased out. Innovative funding sources will contribute more to delivering transportation projects, but traditional funding sources will remain dominant in the years to come due to their stable revenue sources.

Keywords: Traditional Transportation Financing; Innovative Transportation Financing; Federal-Aid Highway Program; Cash Flow Tools; Leverage Tools (search for similar items in EconPapers)
Date: 2012
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