Go to.... Home Federal Credit Concepts & Issues State Infrastucture Banks Quarterly Newsletter TE-045 Research Innovative Finance Program Guidance

 

		Draft Policy Discussion Paper
U.S. Department of Transportation Federal Highway Administration November 1997

Federal Credit for Surface Transportation: Exploring Concepts and Issues

prepared by
Cambridge Systematics, Inc.
Apogee Research, Inc.
Fitch Investors Service, L.P.

sponsored by
Federal Highway Administration

NOTICE

This draft policy discussion paper was commissioned by the Federal Highway Administration (FHWA) and researched by Cambridge Systematics, Inc., Apogee Research, Inc., and Fitch Investors Service, L.P., under the direction of David Seltzer and Bryan Grote of FHWA. Fitch Investors Service developed the credit risk assessment model presented in Appendix A. Apogee Research undertook much of the preliminary work and summarized the credit risk assessment factors and information checklist contained in Appendix C. Patrick Balducci of Cambridge Systematics drafted the paper. Cambridge Systematics assembled the illustrative project list presented in Appendix E. Ben Porter and Miriam Roskin, of Porter & Associates, Inc., assisted in reviewing and editing the paper.

The contents of this paper reflect the views of the authors, who are responsible for the facts and accuracy of the data presented herein. They do not necessarily reflect the policies of the Department of Transportation.

This paper does not constitute a standard, specification, or regulation.

• Executive Summary
• Chapter 1: Assessing the Need for Federal Credit
• Chapter 2: Defining Program Principles and Credit Products
• Chapter 3: Developing a Process for Program Administration and Project Evaluation
• Chapter 4: Funding a Surface Transportation Credit Program
• Chapter 5: Addressing Federal Credit and Tax Policy Issues
• Chapter 6: Conclusions: Developing Solutions through Federal Credit
• Appendix A: Risk Assessment Model
• Appendix B: Proposed Tax Code Modification for Standby Lines of Credit
• Appendix C: Risk Assessment Factors and Information Required to Obtain Credit
• Appendix D: Case Studies
• Appendix E: Illustrative Projects for Federal Credit
• Appendix F: Glossary