Bond financing

Elena S. Prassas, Roger P. Roess

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

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.

Original languageEnglish (US)
Title of host publicationSpringer Tracts on Transportation and Traffic
PublisherSpringer International Publishing
Pages175-189
Number of pages15
DOIs
StatePublished - 2013

Publication series

NameSpringer Tracts on Transportation and Traffic
Volume3
ISSN (Print)2194-8119
ISSN (Electronic)2194-8127

ASJC Scopus subject areas

  • Transportation
  • Urban Studies
  • Strategy and Management

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  • Cite this

    Prassas, E. S., & Roess, R. P. (2013). Bond financing. In Springer Tracts on Transportation and Traffic (pp. 175-189). (Springer Tracts on Transportation and Traffic; Vol. 3). Springer International Publishing. https://doi.org/10.1007/978-3-642-38580-3_7