Details:

Creators:
Ashuri, Baabak ; Mostaan, Kia
Ashuri, Baabak ; Mostaan, Kia Less -
Corporate Creators:
Georgia Institute of Technology
Corporate Contributors:
United States. Federal Highway Administration
Subject/TRT Terms:
[+]
Benefit Cost Analysis Construction Projects Financing Project Delivery Public Private Partnerships Risk Assessment State Departments Of Transportation
Publication/ Report Number:
FHWA-GA-15-1301
Resource Type:
Tech Report
Geographical Coverage:
Georgia
Corporate Publisher:
Georgia. Department of Transportation. Office of Research
Abstract:
The U.S. Department of Transportation (U.S. DOT) and state DOTs across the nation seek private

investments to leverage their shrinking financial resources and fulfill their growing funding shortfalls.

Involvement of the private sector in financing highway projects is subject to various limitations and

challenges that affect state DOTs’ project planning and development, and limit the expansion of private

financing for highway projects. Private sector involvement in highway financing across the U.S. is subject to

various limitations. State DOTs face different kinds of financial, political, legal, management, and

organizational issues affecting their ability to attract private investments in highway projects. The main

purpose of this project is to enhance the understanding of GDOT regarding the complexity of incorporating

financing into the innovative project delivery process. Particularly, the objective of this study is to capture

the underpinnings of private financing in highway projects in the following areas: (1) The latest developments

and trends in utilizing innovative financing mechanisms for highway projects; (2) main objectives and major

concerns of state DOTs in the decision-making processes; (3) deal-breaker issues and major concerns of

private sector participants; and (4) recommended best practices to enhance adoption of private financing for

highway projects. A comprehensive review of academic and professional literature was conducted in order

to analyze and document the latest developments and trends in utilizing private financing for highway

projects. In order to document the current state of private financing for highway projects a survey was

conducted from state DOTs. Following the nationwide survey of state DOTs’ practices for incorporating

private financing in highway projects, this study identified a list of deal-breaker issues and major challenges

that hinder private sector involvement in financing highway projects through conducting interviews with the

industry experts in private financing.


Format:
PDF
Funding:
12665
Collection(s):
US Transportation Collection
Main Document Checksum:
[+]
urn:sha256:e3c457af5dd0f244508ff04b797e5c8b3ff99418f2bcf09b73db712c652f36ed
Download URL:
https://rosap.ntl.bts.gov/view/dot/28652/dot_28652_DS1.pdf
File Type:

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