Partnership for Investment Symposium Summary: Bonding and Innovative Financing
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1994-07-20
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Abstract:This report summarizes a symposium sponsored by the Federal Highway Administration (FHWA) on bonding and innovative financing. Highway, transit, and other transportation infrastructure needs significantly exceeds Federal, State, and local capital investments. This imbalance has sparked the national transportation community's interest in exploring innovative financing options, including bonding. The Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA) encourages innovative solutions to the Nation's transportation challenges and provides new opportunities for action. Using ISTEA's mandate as a framework, the symposium specifically focused on creative financing approaches such as bonding, credit enhancement, and revolving funds.
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