Institutional Barriers to Private Financing

by W. Clifford Atherton, Jr., Rice Univ, Jesse H. Jones Graduate, Sch of Administration, Houston, TX, USA,
Duane Windsor, Rice Univ, Jesse H. Jones Graduate, Sch of Administration, Houston, TX, USA,



Document Type: Proceeding Paper

Part of: Innovative Strategies to Improve Urban Transportation Performance

Abstract:

This paper examines the general question of institutional barriers at federal, state and local levels of government to private participation and financing in urban transportation. He reports on a research project conducted for the U. S. Department of Transportation. The project identified and evaluated a wide variety of private participation, private initiative and innovative financing techniques. Methods evaluated as having high potential were then tested through hypothetical application to the administrative frameworks delineated in Baltimore, Miami and Houston by field research. Recommendations are made concerning policy and administrative changes necessary to increase private activities in the urban transportation field. The paper focuses specifically on mass transit, which faces the most critical financing problem.

Subject Headings: Public transportation | Financing | Transportation management | Private sector | Rapid transit systems | Urban areas | Benefit cost ratios | United States | Baltimore | Maryland | Miami | Florida | Texas

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