MIT1_201JF08_lec19

MIT1_201JF08_lec19 - Project Finance 1 Objectives Taxation...

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Unformatted text preview: Project Finance 1 Objectives Taxation Characteristics Types Transportation Project Finance 1 Uses US System Public Finance: Taxes and Bonds NHS Trust Fund Bonds Jon Bottom Steer Davies Gleave 6 November 2008 1 / 37 Outline Objectives and Structure of the Lectures Principles of Taxation Characteristics of Taxes Types of Taxes Uses of Tax Revenues The Transportation Finance System in the US The Federal-Aid Highway System Road User Charges and the Trust Fund Municipal Bonds Project Finance 1 Objectives Taxation Characteristics Types Uses US System NHS Trust Fund Bonds 2 / 37 Outline Objectives and Structure of the Lectures Principles of Taxation Characteristics of Taxes Types of Taxes Uses of Tax Revenues The Transportation Finance System in the US The Federal-Aid Highway System Road User Charges and the Trust Fund Municipal Bonds Project Finance 1 Objectives Taxation Characteristics Types Uses US System NHS Trust Fund Bonds 3 / 37 Money Isnt Everything But... It sure helps implement, maintain and operate transportation facilities and services The availability of finance practically and legally constrains what can be done There are different ways of leveraging available financial resources, with different impacts Project Finance 1 Objectives Taxation Characteristics Types Uses US System NHS Trust Fund Bonds 4 / 37 My Objectives for This Lecture and the Next Familiarize you with the main ideas, principal methods and current issues Talk about general principles, but also get into some real-world details Use the US as an example, but not too much I hope Focus on roads Project Finance 1 Objectives Taxation Characteristics Types Uses US System NHS Trust Fund Bonds 5 / 37 Today: Public Transportation Financing In this lecture I will cover: Principles of taxation, applied to transportation The transportation finance system in the US Road user charges and the Trust Fund Municipal bonds Project Finance 1 Objectives Taxation Characteristics Types Uses US System NHS Trust Fund Bonds 6 / 37 Next Time: Public-Private Partnerships In the next lecture I will cover What are PPPs Reasons for public sector to pursue PPPs Reasons for private sector to pursue PPPs Policy issues PPP implementation details Project Finance 1 Objectives Taxation Characteristics Types Uses US System NHS Trust Fund Bonds 7 / 37 Why You Should Know About This Stuff Transportation financing issues are more acute than at any time in the past 50 years Current financing approaches are broken Lots of new approaches being discussed and tried High level of interest by government, planning and engineering firms, Wall Street, etc. Familiarity with financing issues and approaches is a good qual to have when looking for a job Project Finance 1 Objectives Taxation Characteristics Types Uses US System NHS Trust Fund Bonds 8 / 37 Outline Objectives and Structure of the Lectures Principles of Taxation Characteristics of Taxes Types of Taxes Uses of Tax Revenues The Transportation Finance System in the US...
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MIT1_201JF08_lec19 - Project Finance 1 Objectives Taxation...

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