Motivation: Harnessing the Private Sector's Interest in the Public Agency Projectby John L. Thompson, Metropolitan Transit Authority, United States,
Abstract: Today's public works projects are being conceived, planned, and constructed with increasing difficulty as funding becomes more illusive. The Houston Metropolitan Transit Authority is unique in this regard because it has adequate revenue sources for its proposed rail system, yet must seek significant private funding as a result of voter mandate. Raising $130 million in private funds will take skill and a sensitivity to private sector needs as the agency seeks outright land donations, infrastructure cost sharing, connection charges, and long-term joint development agreements.
Subject Headings: Private sector | Subways | Infrastructure | Financing | Urban areas | Transportation management | Revenues
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