Motivation: Harnessing the Private Sector's Interest in the Public Agency Project

Thompson, John L.; ,

Motivation: Harnessing the Private Sector's Interest in the Public Agency Project

by John L. Thompson, Metropolitan Transit Authority, United States,

Document Type: Proceeding Paper

Part of: Engineering and Business: Converting Engineers to Businessmen

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.

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