Transportation Research Board Releases First National Cooperative Rail Research Program Project
The Transportation Research Board (TRB) released the first National Cooperative Rail Research Program (NCRRP) report, titled, “Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects”.
The full NCRRP Report and guidebook serve as a resource covering guidance from the basics essential to understanding rail funding and financing, to the technical details of alternative funding and financing mechanisms and their application, to the hard policy decisions confronted when needing to allocate scarce public resources to rail projects or otherwise raise additional money from the public to realize these projects.
Larry Goldstein, the TRB Staff Officer responsible for coordinating the research notes that “this Guidebook identifies alternative funding and financing methods for realizing passenger and freight rail capital investment, operations, and maintenance, where traditional funding sources, on their own, are insufficient”.
The full NCRRP Report 1 Guidebook is available here.
NCRRP Report 1 was developed by CPCS, in association with Harral Winner Thompson Sharp Klein, Inc., Thompson, Galenson and Associates, LLC, First Class Partnerships, and Portscape, Inc.