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原文传递 U.S. Ports and the Funding of Intermodal Facilities: An Overview of Key Issues

题名：	U.S. Ports and the Funding of Intermodal Facilities: An Overview of Key Issues
作者：	David Luberoff and Jay Walder
关键词：	intermodal, freight, port, highway, train, railroad, containerization, Panamax, public finance, project finance
摘要：	The growing use of containers to move freight has led carriers to use fewer but larger ports. In their efforts to attract and retain carriers, U.S. ports have made or are planning substantial investments in new berths, docks, and improved connections with the nation's rail and highway systems. However, the current port financing system - which generally relies on balance-sheet financing and, in most cases, direct public subsidies - could create several serious problems as ports move to carry out their investment plans because it makes it likely that public ports, not private shipping industries, will bear the risk of new investments and lead port officials to underestimate the risks involved with new investments. As an alternative, port officials might use true project-based financing strategies, which are appealing not only because they shift risk from public to private entities, but also because they seem likely to lead to improved decision-making.
报告类型：	科技报告