Center for Innovative Finance Support: Innovative Program Delivery: An Introduction
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Center for Innovative Finance Support: Innovative Program Delivery: An Introduction

Filetype[PDF-221.73 KB]


English
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  • Corporate Creators:
    United States. Federal Highway Administration. Office of Innovative Program Delivery
  • Contributors:
    Sullivan, M.
  • Subject/TRT Terms:
  • Resource Type:
    Brief
  • Geographical Coverage:
    United States
  • Corporate Publisher:
    United States. Federal Highway Administration. Office of Innovative Program Delivery
  • Abstract:
    In this time of declining revenues and increasing fiscal requirements, it is imperative that the transportation industry be equipped with the knowledge and tools needed to evaluate project finance, revenue, and procurement options at the right time in the program delivery process. By being knowledgeable about a wide range of options, both traditional and non-traditional, State and local highway agencies can better ensure that critical projects are adequately funded, delivered on schedule, and that continuing needs for the preservation and efficient operation of the system are taken into account. The traditional process used to deliver highway projects typically does not include early consideration of alternative finance, revenue, and procurement approaches. Often, the right questions are not asked at the right time. Given limited experience in the United States with innovative strategies, such as congestion pricing and public-private partnerships, State and local governments may be reluctant to experiment with new ways of doing business. In some cases, governments may lack the necessary legal authorities to implement certain strategies, thus requiring that enabling legislation be enacted. The Center of Innovative Finance Support (IFS), under FHWA's Office of Innovative Program Delivery (OIPD) offers a comprehensive suite of resources to assist the transportation community in considering innovative program delivery strategies.
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