Roundtable Discussion on Federal-Aid Toll Financing of ISTEA
Roundtable Discussion on Federal-Aid Toll Financing of ISTEA
There is broad recognition of a shortfall in highway funding--especially in growing areas of the U.S. In response, the Intermodal Surface Transportation Efficiency Act (ISTEA) of 1991 introduced new flexibility into highway finance with provisions which widen the applicability of tolls on the Federal Aid Highway System and offer options for States to develop new forms of public/private partnerships to finance and develop or reconstruct highways, bridges and tunnels. The 29 States with existing toll entities exhibit a wide range of variation in institutional settings and financial arrangements. States vary with regard to the types and number of toll entities and their relationships--legal, administrative and financial--with State highway agencies. While conventional fuel and vehicle tax-based finance will remain dominant, toll-based supplementary approaches and tapping private investment capital are made more attractive by provisions of ISTEA. In addition to the toll and private loan features, soft match credit provides an additional incentive to States for consideration of toll options. The discussion at the roundtable covered a broad range of topics focussing on the range of institutional relationships that are evolving around the U.S. and the potential that ISTEA offers to support mutual objectives.
Document information
Roundtable Discussion on Federal-Aid Toll Financing of ISTEA
1992
16 pages
Report
No indication
English
Transportation , Transportation & Traffic Planning , Road Transportation , Transportation pricing , Tolls , Transportation system financing , Federal aid , Meetings , Highway taxation , Transportation regulation , Revenue , State aid , Highway management , State highway departments , Transportation system costs , Intermodal Surface Transportation Efficiency Act of 1991
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