Introduction How Will This Help? Delays project costs. With the currently low interest rates, the state can borrow money now and pay off debt in the future at low cost. Avoids new taxation. Proposition bonds fund necessary projects without increasing or creating new taxes. Implementation Examples Case Study: Dallas Horseshoe Project In 2012, TxDOT began […]
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Comprehensive Development Agreements (CDA)
Types of CDAs The Texas Department of Transportation (TxDOT) uses three types of CDAs to develop projects: How Will This Help? Implementation Issues Examples of CDA Projects around the State <a href=’#’><img alt=’Map ‘ src=’https://public.tableau.com/static/images/CD/CDAs/Map/1_rss.png’ style=’border: none’ /></a> For More Information TxDOT: Current Comprehensive Development Agreement. Texas Transportation Code, Chapter 371: Comprehensive Development Agreements for Highway […]
Private Activity Bonds
Introduction How Will This Help? Encourages private investment in transportation infrastructure. Since PABs are exempt from taxes, they are more attractive than other privately available bonds. Including the private sector in transportation investments reduces and distributes risk. Reduces the need for public funds. Increasing private investment funds in infrastructure projects frees up public funds for […]
Public-Private Partnerships
Introduction How Will This Help? Reduces cost to the public. A P3 allows public agencies to share costs with the private sector. Reducing the required capital for any single projects allows the dedicated transportation dollars to be stretched for more projects. Help funds keep pace with rising highway construction costs. Since 1991, roadway construction costs […]