Transportation Finance Summit

April 19 - 21, 2021

Monday, April 19, 2021 - 12:45

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Overview

About

The Transportation Finance Summit will focus on issues appealing to financial professionals, policymakers and practitioners at the federal, state, and local levels. Content has been developed in partnership with AASHTO and the TRB Committees on Transportation Demand Management (AEP60) and the Economics, Revenue and Finance (AJE50). Since we were unable to hold this event in person in 2020, the planners have re-worked and updated the content as a virtual event for 2021. There will not be a call for presentations for this event. Panels are being confirmed and will be posted shortly.

This will be a very special opportunity for anyone interested in the array of options for transportation infrastructure finance. There is no fee for IBTTA members so be sure to check the program details and register today!

Co-Chief Meeting Organizers

Mike Davis, VP, Tolls and Technology Service Group Leader, RS&H
Adrian Moore, Vice President, Reason Foundation

Co-Sponsors

AASHTO is a nonprofit, nonpartisan association representing highway and transportation departments in the 50 states, the District of Columbia, and Puerto Rico. It represents all transportation modes including: air, highways, public transportation, active transportation, rail, and water. Its primary goal is to foster the development, operation, and maintenance of an integrated national transportation system.

AASHTO works to educate the public and key decision-makers about the critical role that transportation plays in securing a good quality of life and sound economy for our nation.

TRB Standing Committee on Transportation Demand Management (AEP60)
The Transportation Demand Management Committee focuses on research and application of strategies for modifying travel behavior to achieve more equitable mobility outcomes while making better, more efficient use of transportation infrastructure.

TRB Standing Committee on Economics, Revenue and Finance (AJE50)
Economic concepts and methods applied to the analysis of transportation systems and infrastructure. Applicable topics include cost-benefit analysis, cost-effectiveness analysis, and redistributive and other economic effects of transportation investment, pricing, regulation, cost allocation, and other public policies.

Schedule-at-a-Glance

Please review the tabs above for a detailed agenda each day.

Monday, April 19

11:00am – 11:30am
Opening Remarks

11:30am – 12:30pm
Keynote Speaker (tbd)

1:30pm – 3:00pm
Breakout Sessions

Funding
Public–Private Partnership (P3)

Tuesday, April 20

11:00am – 12:30pm
General Session
CFO Roundtable: Practical Issues in The Realm of Funding and Finance Within Transportation

1:30pm – 3:00pm
Breakout Sessions

Innovative Finance
Public-Private Partnership (P3)

Wednesday, April 21

11:00am – 12:30pm
Breakout Sessions

Funding
Public-Private Partnership (P3)

1:30pm – 3:00pm
General Session
The Effect of Emerging Vehicle Technologies on Transportation Revenue Streams

Registration Fees

Members: Complimentary
Non-Members: $75.00

Staff Contacts

Liaison to Planning Committee/Program Development: Wanda Klayman
Meeting App/Virtual Platform Access: Anna Ouellette
Speakers/Moderators/Presentations: Cheryle Arnold and Kristin Bromberg
Exhibitors: Terri Lankford
Sponsorships: Ancilla Brady
Registration: Harry Smith
Media: Bill Cramer

Monday

Monday, April 19, 2021

All sessions take place in Eastern Time Zone.

11:00am – 11:30am ET

Opening Remarks

Patrick Jones, Executive Director & CEO, IBTTA, Washington, DC
Mark Compton, Executive Director, Pennsylvania Turnpike Authority, Middletown, PA
Neil Pedersen, P.E., Executive Director, Transportation Research Board (TRB), Washington, DC (invited)
Jim Tymon, Executive Director, American Association of State Highway & Transportation Official (AASHTO), Washington, DC (invited)

11:30am – 12:30pm

Keynote Speaker

1:30pm – 3:00pm

Breakout Sessions

Funding Session

Capturing the Economic Value of Land Use Made Possible by Transportation Improvements
The link between transportation and land use has always been a symbiotic one. The potential of transportation assets to generate economic value and the ability to capture some of that value is an important tool to fund transportation projects in urban communities. This session focuses on the opportunities (e.g., transit-oriented development, P3, public financing) and challenges (e.g., credit ratings, regulations, speculation) of using value capture to fund and finance transit and highway projects.

Moderator: Eric Golynsky, Executive Director, UBS Financial Services, New York, NY

Case Studies of Value Capturing in Transit-Oriented Development and the Interface with P3 Delivery
Jerry Ji, Director of Project Development and Traffic & Revenue, ACS Infrastructure, Toronto, Ontario, Canada (invited)

Promoting Value Capture to the Highway Society: FHWA’s Every Day Counts Initiative
Stefan Natzke, Team Leader, National Systems & Economic Development, Federal Highway Administration, Washington, DC

Back to the Future
Michael Copeland, Principal, CDM Smith, Dallas, TX and Horatio Porter, Chief Financial Officer, North Texas Tollway Authority, Plano, TX (invited)

P3 Session

Trends in The P3 Market
This session will look at current trends in the global P3 market across all surface transportation modes (highways, transit, rail, multimodal). Despite much discussion about asset recycling, the U.S. market remains dominated by greenfield projects and extensions of existing projects. Risk transfer to design-build contractors has been a hot topic recently, along with discussions about revenue risk vs. availability payments, and performance management in long-term concessions. In this session, we explore US and international trends in the P3 marketplace and how they may evolve over the next decade.

Moderator: Sophie Guiny, Principal Consultant, InfraStrategies, Washington, DC

Best Practices in Infrastructure P3s and Lessons for the US Market
Mariana Torres Montoya, Vice President, John Laing, New York, NY (invited)

US PPP Market Update – Rising Risks and Opportunities as Markets Expand
John Medina, Vice President – Senior Credit Officer, Moody’s Investors Service, New York, NY

Asset Recycling: How the United States Can Unlock Infrastructure Funding Using an Australian Model
Simon Shekleton, Director of Project Development, Transurban, Tysons, VA

Tuesday

Tuesday, April 20, 2021

All sessions take place in Eastern Time Zone.

11:00am – 12:30pm ET

General Session

CFO Roundtable: Discussion on Practical Issues in The Realm of Funding and Finance Within Transportation
Back by popular demand, CFOs from tolling and transportation agencies will deliver straight answers about the real challenges they face and the solutions they are actually implementing. To provide a starting point for this session, the meeting planners will conduct a survey to discover the top challenges facing CFOs and their executive leadership. After a brief presentation of the results, the audience will drive the session with questions and suggestions. This highly interactive session will give attendees frank and open discussion on CFO experiences with specific topics that really matter to toll practitioners.

Moderator: Amy Potter, Chief Financial Officer, Transportation Corridor Agencies, Irvine, CA

Andrew Oftelie, CFO, Orange County Transportation Authority (invited)

1:30pm – 3:00pm ET

Breakout Sessions

Innovative Finance Session

State Infrastructure Banks and State-Based Financing Approaches
The full potential of State Infrastructure Banks (SIBs) to provide credit assistance to both public and private entities for local transportation projects remains untapped. Credit assistance and debt financing tools at the state level can offer new methods for borrowing money in flexible and potentially cost-effective ways to pay for infrastructure projects. In this session, we explore state-based financing approaches to provide financial assistance to project sponsors, partnerships between state financing authorities and state departments of transportation to capitalize SIBs, and new SIB products.

Moderator: tbd

State Infrastructure Banks, Maximizing SIB Flexibility
Peter Mancauskas, Innovative Finance Program Manager, FHWA - Center for Innovative Finance Support, Montpelier, VT

Ohio DOT SIB Program
Sara Downs, CFO, Ohio Department of Transportation, Columbus, OH

Effective & Innovative Strategies, Methods and Tools for Debt Financing
Nathan Macek, Director, Project Development & Finance, WSP USA, Washington, DC

P3 Session

Attracting a Portfolio of Multiple Revenue Streams and Alignment with Traditional Funding Sources
We are in an exciting time in transportation in which states and localities are exploring many new transportation revenue-raising schemes such as congestion charging, RUC, truck charges, dynamic parking, multimodal transit fares, and more. The challenge is figuring out how these newer schemes will align with or replace traditional sources such as general fund revenues, fuel taxes, sales taxes and more. In this session, we explore ways to attract, integrate, and effectively use these multiple, varied funding sources and revenue streams.

Moderator: Susan Howard, Program Director for Transportation Finance, AASHTO, Washington, DC

Curbspace: Congestion Pricing at the Micro-Level
Ryan Winn, Transportation Planner, AECOM, Los Angeles, CA

Aligning Road Usage Charges with Traditional Revenue Streams: State Perspectives
Susan Howard, Program Director for Transportation Finance, AASHTO, Washington, DC

Looking Toward the Future: The Need for Road User Fees in the US
Barbara Rohde, Executive Director, Mileage-Based User Fee Alliance, Washington, DC (invited)

The Integrated Road Charging Platform US
Frederic Charlier, Founder & CEO, ClearRoad, Brooklyn, NY

Wednesday

Wednesday, April 21, 2021

All sessions take place in Eastern Time Zone.

11:00am – 12:30pm

Breakout Sessions

Funding Session

Assessing the Effect of Policy Changes on the Cost of Collections in Road Charging
Changes in tolling policy can have a big impact on the cost of collecting revenue. Evaluating the cost of collection often relies on benchmarks and rules of thumb that may not reflect the true effects of the policy changes. In this session, we explore the assumptions and techniques that can be used to most accurately assess the true cost of revenue collection for tolls and other road charges (taxes, RUC, etc.) in a rapidly changing transportation funding landscape.

Moderator: Carlos Campo, Assistant Vice President, WSP, San Francisco, CA

Toll Benchmarking Study
Cesar Diaz-Plaza Perez, Director, KPMG, LLP, Austin, TX

Assessing Policies to Reduce Costs of RUC Collection
Matthew Dorfman, Partner, Milestone Solutions, Washington, DC

Easy Money or How to Fund Transportation in One Easy Step
Richard Mudge, Ph.D., President, Compass Transportation and Technology, Potomac, MD

P3 Session

Educating the Public and Stakeholders on P3s, Tolling and Funding Matters
One of the main barriers to developing transportation projects, particularly toll roads, is the common misunderstanding of how transportation assets are actually funded, and how tolling works. P3s are also commonly misunderstood, and their benefits can be difficult to convey to the public. In this session, we explore ideas on how to develop public support for projects, including congestion pricing and transit.

Moderator: Wendy Griffin, Senior Tolls Technology Specialist, RS&H, Raleigh, NC

After the Project Has Finished…
Daniel Sparling, Communication Specialist, CDM Smith, Irvine, CA (invited)

Risk Assessments, Stakeholder Understanding & Fun Public Engagement
TBD, HDR, Denver, CO

Start with Value and They Will Come: Increase Public Understanding of Transportation Funding
Patricia Hendren, Executive Director, I-95 Corridor Coalition, Silver Spring, MD (invited)

1:30pm – 3:00pm

General Session

The Effect of Emerging Vehicle Technologies on Transportation Revenue Streams
There are legitimate differences of opinion as to the effect that new vehicle technologies will have on transportation revenue streams. Will driverless vehicles result in more or fewer vehicle miles of travel? If the answer is fewer, this will affect tolling, gas tax revenues, etc. If VMT is higher, then congestion will likely increase in urban areas and fuel tax revenues will increase. In this session, we examine dramatic changes to the technology in our vehicle fleet and vehicle ownership and the implications for revenues to fund the system.

Moderator: Mike Davis, P.E., DBIA, VP, Tolls and Technology Service Group Leader, RS&H, Orlando, FL

Technology Ecosystems for Transportation Funding
Nate Bryer, Vice President Innovation, Azuga, Colorado Springs, CO

If a Shoe Fits…
Tyler Milligan, Managing Partner, Milligan Partners, Dallas, TX

The Future of Road Charging
Paul Salama, AICP, Co-Founder & COO, ClearRoad, Brooklyn, NY

Implications of Emerging Vehicle Technology on the Credit Quality of Toll Roads
Anne Tricerri, Associate Director, Fitch Ratings, New York, NY

Monday, April 19, 2021 - 12:45 to Wednesday, April 21, 2021 - 12:45

Add to Calendar

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Transportation Finance Summit

Platinum Sponsors

Tabs

About

Co-Chief Meeting Organizers

Co-Sponsors

Schedule-at-a-Glance

Monday, April 19

Tuesday, April 20

Wednesday, April 21

Registration Fees

Staff Contacts

Monday, April 19, 2021

11:00am – 11:30am ET

Opening Remarks

11:30am – 12:30pm

Keynote Speaker

1:30pm – 3:00pm

Breakout Sessions

Funding Session

P3 Session

Tuesday, April 20, 2021

11:00am – 12:30pm ET

General Session

1:30pm – 3:00pm ET

Breakout Sessions

Innovative Finance Session

P3 Session

Wednesday, April 21, 2021

11:00am – 12:30pm

Breakout Sessions

Funding Session

P3 Session

1:30pm – 3:00pm

General Session

Search form

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Transportation Finance Summit

Platinum Sponsors

Tabs

About

Co-Chief Meeting Organizers

Co-Sponsors

Schedule-at-a-Glance

Monday, April 19

Tuesday, April 20

Wednesday, April 21

Registration Fees

Staff Contacts

Monday, April 19, 2021

11:00am – 11:30am ET

Opening Remarks

11:30am – 12:30pm

Keynote Speaker

1:30pm – 3:00pm

Breakout Sessions

Funding Session

P3 Session

Tuesday, April 20, 2021

11:00am – 12:30pm ET

General Session

1:30pm – 3:00pm ET

Breakout Sessions

Innovative Finance Session

P3 Session

Wednesday, April 21, 2021

11:00am – 12:30pm

Breakout Sessions

Funding Session

P3 Session

1:30pm – 3:00pm

General Session

Search form