BART San Francisco Airport Extension
A $1.55 billion project financed with New Starts funding and airport authority, state and local monies.
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LYNX Blue Line (CATS)
A $463 million financing including New Starts grant, state money, and bonds from a local sales tax.
Full project profile »
Chesapeake Expressway
A $117 million toll financing involving state and municipal bonds and the Virginia Toll Facilities Revolving Account.
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E-470 Denver
A $1.2 billion financing including toll revenue bonds, as well as an innovative combination of local fees.
Full project profile »
Hudson-Bergen Light Rail
This $2.2 billion program was financed with FTA monies and used an innovative Design-Build-Operate-Maintain procurement.
Full project profile »
Katy Freeway Reconstruction
A $2.8 billion improvement combining federal, state, and local funding and a financial partnership between a state DOT and local toll authority.
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Iway (I-195 Relocation Project)
A multi-year, $610-million financing in Rhode Island involving a combination of GARVEE and motor fuel tax revenue bonds.
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I-495 Capital Beltway Hotlanes
A $2 billion PPP financing involving a state grant, a TIFIA loan, and the first private activity bond issued in the U.S.
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I-595 Corridor Roadway Improvements
A $1.8 billion project using a TIFIA loan and senior bank debt to back the U.S.'s first application of availability payments.
Full project profile »
Intercounty Connector
A $2.6 billion financing involving toll revenue bonds, GARVEE bonds, state grants, and a TIFIA loan.
Full project profile »
Lake of the Ozarks Bridge
A $40 million project financed through a nonprofit transportation corporation under Missouri state law.
Full project profile »
Marquette Interchange
A $810 million urban highway improvement project financed through traditional FHWA funding and state match, shared 48/52 percent.
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President Bush Turnpike
A $1.5 billion project involving toll-backed bonds, right-of-way donations, local grants and the first Section 129 Loan in the U.S.
South Bay Expressway
This $635 million transaction was the first private PPP financing to include support from the TIFIA program.
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Tacoma Narrows Bridge
A $735 million DOT-sponsored, limited recourse, toll-backed revenue bond financing.
T-REX
This $1.67 billion multimodal project was financed with GARVEE bonds, FTA funding, and bonding from sales tax revenue.
Full project profile »
Woodrow Wilson Bridge
This $2.5 billion financing was a multi-state collaboration involving Federal, state, and District funding.
Full project profile »

Authoritative Report Released

Transportation Governance and Finance: A 50-State Review of State Legislatures and Departments of Transportation focuses on transportation finance and the roles and relationships among the branches of state government that are most active in transportation issues.

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Center Overview

Established in the 2005 SAFETEA-LU transportation authorization act, the mission of the AASHTO Center for Excellence in Project Finance (the Center) is to provide support to State Departments of Transportation in the development of finance plans and project oversight tools and to develop and offer training and state-of-the-art finance methods to advance transportation projects and leverage funding.

The Center provides four primary services:

Professional Education
Research Services
Technical Assistance
Information Dissemination

In addition to providing information about all of the Center's services and events, this website is the Center's primary vehicle for information dissemination, providing comprehensive information on aspects of project finance for transportation improvements.

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Center Events

Congressional Forum on Transportation Finance
February 24, 2012
This third installment of Congressional forums hosted by the AASHTO Center for Excellence in Project Finance will focus on key transportation financing tools currently under consideration for expansion in Congress. Given limited funding resources at both the federal and state level, being able to successfully stretch every dollar through use of innovative financing techniques holds great appeal.

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Featured Resources

Conference Report: Funding and Financing Solutions for Surface Transportation in the Coming Decade
Proceedings of an AASHTO forum held in September 2010 on the transportation funding gap addressing funding options, finance tools and state and local initiatives for members of Congress, local legislators, and private sector transportation finance specialists.
NCHRP 20-24(69)A: System Trials to Demonstrate Mileage-Based Road Use Charges
This report analyzes issues associated with designing and implementing large-scale trials of mechanisms for collecting road-user charges based on vehicle-miles of travel.
National Surface Transportation Infrastructure Financing Commission Final Report
This is the final report of the National Surface Transportation Infrastructure Financing Commission established in SAFETEA-LU to assess future federal highway and transit investment needs, evaluate the future of the federal Highway Trust Fund, and explore alternative funding and financing mechanisms for surface transportation.

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Authoritative Report Released

Center Overview

Center Events

Featured Resources

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