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U.S. Department
Of Transportation |
The Administrator |
400 Seventh St. S.W.
Washington, D.C. 20590 |
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Federal Transit
Administration |
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Dear Transit Colleague:
I am pleased to present "Innovative Financing Techniques for America's Transit Systems." This handbook summarizes much of FTA's experience in implementing its Innovative Financing Initiative. This initiative was undertaken in response to the President's Executive Order 12893 on Infrastructure Investment. The Executive Order stated, in part, that:
"Our Nation will achiece the greatest benefits from its infrastructure facilities If it invests wisely and continually improves the quality and performance of its infrastructure
programs." (William J. Clinton, January 26, 1994)
To implement the Executive Order in times of increasing budget austerity required that innovative financing techniques be developed and tested, to allow as much leverage of local public and private funds as possible. This handbook presents the most widely used techniques, in some detail, and addresses some of the issues that transit operators should consider when applying these techniques to their own transit operations.
As we prepare for the next transportation reauthorization, which will take us well into the next century, we must use every means at our disposal to stretch every dollar--make it do as much as possible--to ensure the continued vitality of our transit systems. This handbook may help us to do just that.
Sincerely,
Gordon J. Linton
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