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Essays On Public Transportation & The Freight Industry
Essay 37 of 117
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Financing Boston’s Big Dig
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A 5 page paper discussing the financing of the largest public works project ever. Originally planned for $8 billion, costs a year before scheduled end (two years before actual end) stand at nearly $15 billion and are still increasing. After reaching a federal funding cap of more than $8 billion, the project adopted the Grant Anticipation Note (GAN) that allowed the project to assume additional debt based on the premise that there certainly will be additional grants in the future. The paper lists this 2nd-most used tool along with other standard and contingency funding sources. Bibliography lists 3 sources.
Filename: KSbigDigFinance.rtf
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