Evolving Debt Finance Practices for Surface Transportation (2017) / Chapter Skim
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5 chapter one IntroductIon Background Transportation spending represents 8% of total expenditures by states. In 2015, transportation investment by states grew 4%.
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6 deBt Issuance for surface transportatIon Most states have a long history of issuing debt to bridge funding gaps and accelerate transportation infrastructure improvements. Eighty-six percent of states (36 of 42 survey respondents answering this question)
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7 ments to private concessionaires or operators, sometimes supported by but not directly dependent on toll or other user fee revenues)
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8 state constitution, or other source. Purposes of debt issuance, types of debt and debt structures authorized, and formal and informal policies for issuing debt also are examined.
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