Due to the extremely high capital costs involved in the provision of transportation facilities, it is often necessary for government agencies to resort to public borrowing in the form of a bond issue in order to pay for these large transportation projects. Bonds are a type of debt financing, and therefore governments need to justify their reasons for borrowing money. There are several reasons why bond financing is used. The most obvious is that there are not enough current revenues to finance a given improvement.
Bond Financing
Springer Tracts on Transportation, Traffic
Engineering Economics and Finance for Transportation Infrastructure ; Kapitel : 7 ; 175-189
01.01.2013
15 pages
Aufsatz/Kapitel (Buch)
Elektronische Ressource
Englisch
Resource Paper: Bond Financing: Issues and Strategies
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