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Innovative Financing Options for Kentucky's Transportation Infrastructure; Research rept
| 题名： | Innovative Financing Options for Kentucky's Transportation Infrastructure; Research rept |
| 作者： | Hackbart, M. M. |
| 关键词： | Kentucky; Transportation system financing; Financial management; Financing; Funds; Highway maintenance; Highway construction; Revenue; Transportation planning |
| 摘要： | A strong linkage exists between economic growth and the availability of an adequate and efficient transportation system. Due to its location, geography and economy, this linkage -- particularly in regard to highway transportation -- is critical to continued economic progress in the Commonwealth of Kentucky. However, Kentucky's ability to provide the infrastructure investments needed to be competitive in the new 'global economy' is constrained by the structure of its funding mechanism, the Road Fund. During the last two decades, Road Fund revenue growth has dramatically lagged the growth of motor vehicle travel. As a consequence, Kentucky faces highway investment needs which exceed projected revenues. In fact, Kentucky Transportation Cabinet officials estimate that there are some $22 billion in 'unscheduled highway needs' beyond the $18.2 billion of highway projects which can be accomplished with anticipated Road Fund revenues over the next 20 years. As a consequence, Kentucky, like other states, must search for alternative and innovative means of financially supporting the continued maintenance and development of the state's system of roads. |
| 总页数： | 100p |
| 报告类型： | 科技报告 |
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