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Using the Economic Value Created by Transportation to Fund Transportation

Using the Economic Value Created by Transportation to Fund Transportation
Author: Sharada Rallabhandi Vadali
Publisher:
Total Pages: 124
Release: 2014
Genre: Infrastructure (Economics)
ISBN:

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"TRB's National Cooperative Highway Research Program (NCHRP) Synthesis 459: Using the Economic Value Created by Transportation to Fund Transportation presents information on financing mechanisms used by transportation agencies to capture a portion of the economic value created by public investment in transportation infrastructure to fund transportation improvements. The report provides an overview of ten types of "value capture" mechanisms and presents case examples of how transportation agencies have used these mechanisms to help fund specific highway projects"--Publisher's note.


Engineering Economics and Finance for Transportation Infrastructure

Engineering Economics and Finance for Transportation Infrastructure
Author: Elena S. Prassas
Publisher: Springer Science & Business Media
Total Pages: 224
Release: 2013-06-13
Genre: Technology & Engineering
ISBN: 364238580X

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This textbook provides a fundamental overview of the application of engineering economic principles to transportation infrastructure investments. Basic theory is presented and illustrated with examples specific to the transportation field. It also reviews the history of transportation finance, as well as current methods for funding transportation investments in the U.S. Future problems and potential solutions are also discussed and illustrated.


Public Transportation: Federal Role in Value Capture Strategies for Transit Is Limited, but Additional Guidance Could Help Clarify Policies

Public Transportation: Federal Role in Value Capture Strategies for Transit Is Limited, but Additional Guidance Could Help Clarify Policies
Author: David Wise
Publisher: DIANE Publishing
Total Pages: 55
Release: 2010-11
Genre: Transportation
ISBN: 1437937268

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State and local gov¿ts. are looking for alternative strategies to help fund transit systems. Value capture strategies (VCS) -- joint develop., special assessment dist., tax increment financing, and development impact fees -- are designed to dedicate to transit either a portion of increased tax revenue or additional revenue through assessments, fees, or rents based on value expected to accrue as a result of transit investments. This report reviewed: (1) the extent to which transit agencies and local gov¿ts. use joint develop. and other VCS to finance transit; (2) what stakeholders have identified as facilitators of, or hindrances to, the use of these; and (3) what stakeholders have said about the effects of fed. policies and programs on the use of these strategies. Illus.


Improving Urban Access

Improving Urban Access
Author: Elliott D. Sclar
Publisher: Routledge
Total Pages: 253
Release: 2016-03-31
Genre: Business & Economics
ISBN: 131740436X

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By 2050, two-thirds of the world’s population will live in cities. To thrive, they will need efficient and sustainable forms of transport, but to achieve this, the financial incentives guiding urban transport operation must change – and change rapidly. Urban transport plays a critical role in determining the social, environmental and economic shape of cities. Improving Urban Access: New Approaches to Funding Transport Investment provide innovative ideas on how we might reorganize transport finance to ensure that it is suited to serving the social, environmental and economic principles that must guide future urban living. Continuing the work begun by its predecessor, Urban Access for the 21st Century, the authors assess the complexity of implementing new finance approaches and suggest ways to make positive and radical changes. Although the range of revenue raising options remain limited to users, indirect beneficiaries, and the general public, these can be recast to transform the way transport is paid for and therefore how its services are delivered. New finance models only succeed when they are intrinsically linked to the economic, social, cultural and political forces that create urban life. Together these volumes provide a starting point for the deeper research and policy design needed to successfully create urban transport finance systems that can address the challenges that 21st century cities present.


Transportation Planning Handbook

Transportation Planning Handbook
Author: ITE (Institute of Transportation Engineers)
Publisher: John Wiley & Sons
Total Pages: 1200
Release: 2016-07-11
Genre: Technology & Engineering
ISBN: 1118762401

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A multi-disciplinary approach to transportation planningfundamentals The Transportation Planning Handbook is a comprehensive,practice-oriented reference that presents the fundamental conceptsof transportation planning alongside proven techniques. This newfourth edition is more strongly focused on serving the needs of allusers, the role of safety in the planning process, andtransportation planning in the context of societal concerns,including the development of more sustainable transportationsolutions. The content structure has been redesigned with a newformat that promotes a more functionally driven multimodal approachto planning, design, and implementation, including guidance towardthe latest tools and technology. The material has been updated toreflect the latest changes to major transportation resources suchas the HCM, MUTCD, HSM, and more, including the most current ADAaccessibility regulations. Transportation planning has historically followed the rationalplanning model of defining objectives, identifying problems,generating and evaluating alternatives, and developing plans.Planners are increasingly expected to adopt a moremulti-disciplinary approach, especially in light of the risingimportance of sustainability and environmental concerns. This bookpresents the fundamentals of transportation planning in amultidisciplinary context, giving readers a practical reference forday-to-day answers. Serve the needs of all users Incorporate safety into the planning process Examine the latest transportation planning softwarepackages Get up to date on the latest standards, recommendations, andcodes Developed by The Institute of Transportation Engineers, thisbook is the culmination of over seventy years of transportationplanning solutions, fully updated to reflect the needs of achanging society. For a comprehensive guide with practical answers,The Transportation Planning Handbook is an essentialreference.


Innovation in Public Transport Finance

Innovation in Public Transport Finance
Author: Shishir Mathur
Publisher: Routledge
Total Pages: 229
Release: 2016-05-23
Genre: Business & Economics
ISBN: 1317116445

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With all levels of governments currently, and for the foreseeable future, under significant fiscal stress, any new transit funding mechanism is to be welcomed. Value capture (VC) is one such mechanism, which involves the identification and capture of a public infrastructure-led increase in property value. This book reviews four major VC mechanisms: joint development projects; special assessment districts; impact fees; and tax increment financing; all of which are used to fund transit in the United States. Through the study of prominent examples of these VC mechanisms from across the US, this book evaluates their performance focusing on aspects such as equity, revenue-generating potential, stakeholder support, and the legal and policy environment. It also conducts a comparative assessment of VC mechanisms to help policy makers and practitioners to choose one, or a combination of VC mechanisms. Although the book focuses on the US, the use of the VC mechanisms and the urgent need for additional revenue to fund public transportation are world-wide concerns. Therefore, an overview of the VC mechanisms in use internationally is also provided.