Establishing the E-470 Project Definitionby Eric A. Beal, Harland Bartholomew & Associates, United States,
Gregory G. Henk, Harland Bartholomew & Associates, United States,
Abstract: Establishing the project definition for a large bond-financed highway is significantly different from that for a traditional highway trust fund project. The costs of such a project and the revenues it can generate to cover the costs are so interrelated that an iterative process of project definition is required. The level of detail necessary for permitting and establishing permanent financing is considerable. Escrow financing under the pre-September, 1986 tax law offered some flexibility in defining the project. This process is now made more difficult under the more restrictive current tax law for tax exempt, bond financed projects.
Subject Headings: Terminology and definition | Financing | Taxation | Highway and road management | Traffic signs | Construction costs | Revenues
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