AASHTO Financial Center launches website for state DOTs.
Press Release Summary:
AASHTO Center for Excellence in Project Finance has launched website to help state DOTs, metropolitan planning organizations, and others find potential sources of revenue. Website is designed to identify set of funding and financing mechanisms that can be used to generate investment for transportation projects. Established in 2005, Center for Excellence provides transportation funding and financing tools, research services, technical assistance, and professional education programs.
Original Press Release:
New Comprehensive Website Helps State DOTs Meet Financial Challenges
Washington, DC - The AASHTO Center for Excellence in Project Finance has
launched a new website to help state departments of transportation, metropolitan planning organizations, and other transportation providers find new potential sources of revenue.
"We're giving state departments of transportation a valuable new tool to meet the
financial challenges of both today and tomorrow," said John Horsley, executive director of the American Association of State Highway and Transportation Officials (AASHTO).
The website www.transportation-finance.org is designed to identify a comprehensive set of funding and financing mechanisms that can be used to generate investment for critical transportation projects.
Established by congressional legislation in the 2005, the AASHTO Center for
Excellence in Project Finance provides transportation funding and financing tools, research services, technical assistance, and professional education programs in conjunction with the Wharton School at the University of Pennsylvania. Its mission is to work in partnership with the US DOT to develop state-of-the-art finance methods for transportation project advancement and funding and to provide project oversight tools and new professional development
programs.
For more information about the new website please contact Joung Lee, the Center's Deputy Director, at 202-624-5818 or jlee@aashto.org.
The American Association of State Highway and Transportation Officials (AASHTO) is the "Voice of Transportation" representing State Departments of Transportation in all 50 states, the District of Columbia and Puerto Rico. AASHTO is a nonprofit, nonpartisan association serving as a catalyst for excellence in transportation.
