Pass-through financing involves a project developer (public or private) agreeing to build and operate a roadway in exchange for payments from a public agency. (Note this is not traditional toll road financing or a traditional toll road.) These payments are most often made on a per-vehicle basis but are not collected from the road user.

Texas A&M Transportation Institute
3135 TAMU
College Station, TX 77843-3135
(979) 317-2000