Highway Financing
Highway Financing

Author: United States. General Accounting Office

Publisher:

Published: 1990

Total Pages: 44

ISBN-13:

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Describes toll financing projects in several states and recommends that Congress encourage states to use automatic vehicle identification (AVI) technology in toll collection.

Innovative Financing of Highways
Innovative Financing of Highways

Author:

Publisher: Congressional Budget Office

Published: 1998

Total Pages: 88

ISBN-13:

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The federal government provides about $20 billion a year in grants to states for highways; most of the money is raised through taxes on motor fuels. States, in financing their road-building programs, also rely heavily on motor fuel taxes and on fees paid by highway users. But these revenues are insufficient. This study reviews several approaches to augment traditional sources of funding for highways. The analysis covers changes in rules governing federal aid, state infrastructure banks, federal credit assistance, and private-sector financing of roads. Charts and tables.

Highway Financing
Highway Financing

Author: U S Government Accountability Office (G

Publisher: BiblioGov

Published: 2013-06

Total Pages: 42

ISBN-13: 9781289017132

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Pursuant to a congressional request, GAO reviewed the progress of the nine states participating in the Federal Highway Administration's Toll Facilities Pilot Program, focusing on: (1) project status, estimated construction costs, and start and completion dates; (2) obstacles the states encountered in starting their projects; (3) toll revenue effects on project financing; and (4) states' planned use of innovative toll collection techniques. GAO also provided information on two privately financed toll projects and a California program to test toll projects funded by public-private ventures. GAO found that: (1) Delaware, Georgia, and Pennsylvania started construction projects, California, Florida, South Carolina, Texas, and West Virginia were involved in planning and other preconstruction activities, and Colorado decided not to participate unless it received federal funds specifically for the pilot project in addition to its regular apportionment; (2) although most states encountered limited opposition to tolls, they had to overcome opposition related to neighborhood disruption and some legal and environmental obstacles; (3) toll financing provided states with an additional revenue source for road construction and maintenance; (4) a low federal funding share could encourage states to limit toll use to high-traffic roads; (5) such toll collection innovations as automated vehicle identification equipment could help relieve congestion at toll plazas; (6) Virginia, Illinois, and Missouri were considering privately financed toll road projects; and (7) California recently passed legislation to test public-private funding ventures for road construction.