Development of a special topics course on civil engineering project finance for the Zachry Department of Civil Engineering of Texas A&M University.
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2011-05-01
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Edition:Final report; 1/1/2010¿2/28/2011,
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Abstract:Experts predict that the highway trust fund will deteriorate rapidly over the course of the next several ; years. This situation has led many state agencies to seek alternative financing methods that can meet both ; social and economic needs. One possible solution to the problem is to partner with the private sector and ; together, utilizing project finance methods, deliver facilities. This innovative approach has only recently ; found new applications in delivering transportation infrastructure. This trend is likely to increase in the near ; future. Because it has been widely adopted in other infrastructure sectors, mainly for delivering power ; plants, major pipelines, etc., many valuable cases and lessons learned can be brought to the ; transportation arena. Nevertheless, very few, if any, of the educational programs in the country have a ; project finance course integrated into the core curriculum for graduate civil engineering students. Even ; fewer programs treat project finance as a truly interdisciplinary topic. In fact, the topic of project finance ; often constitutes only a small part of the structured finance curricula. The purpose of this project was to ; bridge this gap by developing educational and teaching materials for an interdisciplinary course in project ; finance. This course communicates the implications of financial decisions on engineering choices and vice ; versa. The course is directed toward graduate students at the Master of Science level to better prepare ; them to deal with real-world transportation financing.
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Main Document Checksum:urn:sha-512:ad53d5daf6d067fe68acb22e25435f7037b4c4ce9accef608de49d74da3e0936c1f4703361d8a890695acb15b99f3808fe8a6b868899acddaa9d4f0d3d56ab19