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From page 91...
... 91 7.1 Case Study Approach To illustrate how alternative financing and revenue mechanisms could be used in practice, the research team assessed the potential application of these alternative mechanisms on five case studies for U.S. rail projects in planning or early development stages, and all with a funding gap.70 • California High-Speed Rail (High-Speed Rail)
From page 92...
... 92 Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects 7.2 Lessons on Application of Alternative Financing and Revenue Mechanisms The five case studies provide examples of very different projects but many of the lessons on applying alternative financing and revenue mechanisms are similar: • If a project has a funding gap after seeking all other available sources of revenue, public funding will be needed if the project is to be feasible. • Private financing is not a solution to a funding gap.

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