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Join Art Guzzetti, Vice President of Policy at APTA, for insights on innovative transportation financing and the economic and social benefits of passenger rail investments. Learn about national trends and high-speed rail projects, proposal for Federal HSIPR program, funding sources, and case studies like the Dulles Corridor Metrorail and Denver Eagle P3 projects.
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3rd Annual California Passenger Rail Summit Innovative Transportation Financing Art Guzzetti Vice President – Policy American Public Transportation Association
APTA in context • Principal public transportation trade organization in North America, with more than 1,500 transit, business, and other members. • Began in 1882—the era of horse-drawn street railway cars.
Key Presentation Points: • Economic and Social Trends Continue in our Favor • APTA study quantifying economic and social returns • Best practices in transit creativity • APTA recommendations for a comprehensive and ongoing federal HSIPR program • Real estate is the next big thing!
National Trends Affirm a Rising Demand for Public Transportation • Population Growth • Urbanization • Demographic • Economic • Energy & Environment • Affordability
High-Speed Rail Project Pipeline • 2460 track miles under construction • 680 ready for construction • 5,675 track miles preparing for construction
Proposal for Federal HSIPR Program • National Vision, Plan and Map. • Regional Planning, Decision-making & Governance • Grants and Program Delivery • Competition • Access for Rail Freight Corridors • Connectivity • Liability • Research, Technology, Standards & Training
Study to Quantify the Economic and Social Benefits from Passenger Rail Investments • Quantify the economic impact of HSIPR projects. • Methodology for estimating various social benefits. • Consistent methodology for measuring ROI generally. • Provide info to help advance new projects.
Sources of State/Local Funding Assistance for Transit • Special Assessment Districts • Parking Fees • Tolls / Road Pricing • Payroll/ Earnings/ Wage • Corporate Income • Personal Income • Utility Fees • Corporate Franchise Taxes • Excise Taxes • Poured Drinks • Taxi Surcharges • Casino Revenues • Energy Taxes • Sales Taxes • Property Taxes • Motor Fuel (wholesale / retail) • Vehicle / Driver Registration • Car Rental / Leases / Tires • Hotel Occupancy • Impact Fees / TIFs • Realty Transfer • Naming Rights • Sponsorships • Lottery proceeds • Airport Passenger Charges • Internet Sales Taxes
Dulles Corridor Metrorail ProjectPlanned contributions from Funding PartnersTotal Sources of Funds $5,594,695
Dulles Corridor Metrorail Extension: • Corridor Road Tolls • Tax Increment Financing • Special Tax District • Airport Passenger Facility Charges • State Funding • FTA Full Funding Grant Agreement
Denver Eagle P3 Funding Sources • FTA Full-funding grand agreement • Private equity • TIFIA loan • RRIF loan • Underpinned in part by local sales tax
Thank you for your time and attention! • aguzzetti@apta.com