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PORT INFRASTRUCTURE: FINANCING OF NAVIGATION PROJECTS AT SMALL AND MEDIUM-SIZED PORTS.
| 题名： | PORT INFRASTRUCTURE: FINANCING OF NAVIGATION PROJECTS AT SMALL AND MEDIUM-SIZED PORTS. |
| 关键词： | Costs-; Federal-aid; Financing-; Infrastructure-; Medium-sized-ports; Navigation-; Nonfederal-financing; Ports-; Small-ports; States-; U.S.-Army-Corps-of-Engineers |
| 摘要： | The General Accounting Office was asked to examine the following issues concerning the Corps of Engineers' financing of navigation projects at small and medium-sized public ports. Specifically: How have small and medium sized public ports financed the nonfederal share of the costs of navigation projects from 1986 through 1999? To what extent have projects been terminated or suspended at small and medium-sized public ports during this period because the ports were unable to demonstrate a feasible source of funding for the nonfederal share? Could federally sponsored innovative financing mechanisms help small and medium-sized public ports fund the nonfederal share of navigation projects? Briefly, results indicate that, for small and medium-sized public ports, states play a major role in financing the nonfederal share of the Corps of Engineers' navigation projects. Only 12 of 463 navigation projects identified by the Corps of Engineers as having been initiated from 1986 through 1999 had been terminated or suspended because the ports had failed to raise the nonfederal share. Certain types of federally sponsored innovative financing mechanisms, such as guaranteed federal loans and other credit enhancements to lower interest costs, conceptually offer desirable financing alternatives to fund navigation projects for some small and medium-sized public ports. However, their practical relevance in funding the cost-sharing requirement for navigation projects has been limited. |
| 总页数： | 2000/03. pp32 (2 Fig., Tabs., 5 App.) |
| 报告类型： | 科技报告 |
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