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Innovative Financing of Transit the Goal As UMTA Approves First Two Cross-Border Leasing Deals
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1990-07-18
[PDF-1.93 MB]
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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
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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.
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Content Notes:Moving America Into the 21st Century: News Release: UMTA 11-90
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