Investment and Financing

A well-functioning transportation system depends on its…

Capacity and infrastructure condition

The American Society of Civil Engineers has ranked most highways and bridges as…

“fair” or “poor”

It is MOST important to target funds at…

Capacity restoration, extended service life, and meeting growing demand

Traditionally, highways are built when…

Federal or state funding is available

The federal government allocates funds from what taxes to the Federal Highway Trust Fund?

Fuel taxes, truck tire excise, truck and trailer sales, and heavy vehicle use taxes

Tolls can be considered a payment against ______

Bonds

Tolls can be considered a resource to..

Attract private capital to invest in transportation infrastructure

Fuel consumption depends on…

Vehicle type

States levy registration fees based on…

Vehicle characteristics

Aside from the Motor Vehicle Tax and the Motor Fuel tax, states fund transportation through…

Property taxes and motor vehicle license operator fees

Local governments use revenues from what sources to fund transportation?

Fuel taxes, registration fees, option sale taxes, value capture, property taxes, and tolls

Project funding for transportation most often comes from…

Federal funding, bond proceeds, tolls, state motor fuel tax, state motor vehicle tax, other state funding, and local funding

State DOTs have traditionally used what project delivery method?

Design-bid-build (DBB)

When did DOTs begin using Design-Built (DB) delivery methods?

2000s

Why did DOTs begin using DB methods?

To expedite project completion and attract private investment for larger public projects

Public-Private Partnerships (PPPs) are seen as another way to…

Overcome budget constraints and maintain high standards and operation efficiencies

What sets the rules for a PPP?

A concession agreement

How do private investors in PPPs recover their funds?

Through guaranteed revenue streams such as fees, tolls, and tax increment financing

What law allows private investors to recover funds through gauranteed revenue streams in PPPs?

National Council for Public-Private Partnerships 2010