Innovative financing options for Kentucky's transportation infrastructure.
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2001-04-01
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Abstract:Given the need to maximize Kentucky’s limited highway system funding, the purpose of this study was to review and analyze new transportation financing innovations suggested by the Federal Highway Administration. The FHWA suggestions may provide ways to leverage funds from traditional sources and to incorporate new sources of revenue into the Commonwealth’s transportation financing plan. In the study, the workings of these financing innovations were evaluated and other states’ applications of these financing techniques were reviewed. In addition, a preliminary assessment was made of the potential applicability of these financing innovations in Kentucky. Obstacles and barriers to their use were also identified.
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