Innovative Financing of Transit the Goal As UMTA Approves First Two Cross-Border Leasing Deals

Details

• Alternative Title:
  Moving America Into the 21st Century: News Release: Innovative Financing of Transit the Goal As UMTA Approves First Two Cross-Border Leasing Deals
• Corporate Creators:
  United States. Department of Transportation. Federal Transit Administration
• Corporate Contributors:
  United States. Department of Transportation. Office of the Assistant Secretary for Public Affairs
• Subject/TRT Terms:
  Binational Cross Border Leasing Equipment Leasing Equipment Leasing And Rental Businesses Leasing Policy Policy, Legislation And Regulation
• Resource Type:
  Press Release
• Geographical Coverage:
  United States ; New Jersey ; San Diego (California) ; California ; Germany ; Sweden
• Corporate Publisher:
  United States. Department of Transportation. Federal Transit Administration
• Abstract:
  The Urban Mass Transportation Administration (UMTA) has for the first time approved two agreements using an innovative financing technique called cross-border leasing. […] In cross-border leasing, a foreign investor purchases such transit assets as rail cars or buses and leases them to an American transit agency. The investor can take advantage of any business-related tax benefits in his own country, and the transit agency earns revenue from its participation in the transaction.
• Content Notes:
  Moving America Into the 21st Century: News Release: UMTA 11-90
• Format:
  PDF
• Collection(s):
  Federal Transit Administration News Releases
• Main Document Checksum:
  urn:sha-512:23a1e4ad6e448de09a9da0275edfcbfd71ef0b7637e57706e854516b70e70bd819138624437574ef57b7cff41df068dc187152dc3f19c8f98a662c1daf94b4fc
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/83987/dot_83987_DS1.pdf
• File Type:
  [PDF - 1.93 MB ]