EXPANSION OF FINANCING OPTIONS RESULTS IN IMPROVED MODEL OF US HIGHWAY FINANCING

The paper examines the improved model of U.S. highway financing that was created through cooperative efforts of the Federal Highway Administration, the States, local governments, and the private sector. This new model is innovative in its approach, provides for new partnerships, and seeks out efficient solutions. The new options include increased options to the traditional model; such as changes to traditional bond financing and toll financing, the introduction of transportation revolving funds/infrastructure banks, increased emphasis on public-private partnerships, and cash management tools.