Practicum focuses on innovative funding, financing solutions
The event was hosted by APTA and CUTA and held prior to APTA’s Rail Conference in Montreal in mid-June.
by Alex Roman, Managing Editor
July 23, 2014
The practicum, held in June in conjunction with APTA’s Rail Conference, focused on projects around the world that used innovative funding and financing solutions, including the TransLink Canada Line, which uses a public-private partnership.
Courtesy Jeremy Andrews
3 min to read
The practicum, held in June in conjunction with APTA’s Rail Conference, focused on projects around the world that used innovative funding and financing solutions, including the TransLink Canada Line, which uses a public-private partnership.Courtesy Jeremy Andrews
Hundreds of professionals from both the public and private sector gathered in Montreal for the International Practicum on Innovative Transit Funding & Financing — an in-depth, hands-on, and interactive workshop exploring new and non-traditional funding and financing tools for public transportation agencies.
“If you poll the average transit agency or business member at APTA, and asked what their top concern is, funding and financing is always number one,” said Petra Mollet, APTA’s chief of staff. “We feel we need to really help the industry look at experiences other agencies from around the world have had in finding new business models and revenue sources, in an in-depth way, so it can be discussed and examined to see how those models could transfer over here in North America.”
“Transit is trending upward, yet in spite of those very favorable trends, very often transit agencies are caught up in a budget crisis.” Added Art Guzzetti, APTA’s VP, policy. “The trends are good, but if there’s an annual budget crisis, there is a piece missing. Internationally, they have some things that work from the funding side, so we can really learn from that.”
The practicum featured six modules, with each examining a successful case study of a funding or financing solution from agencies around the world.
Representing the U.S., public and private sector partners from Los Angeles, spoke about a successful ballot initiative that imposed a half-cent sales tax to support the development of regional transportation projects, providing the foundation for a major capital initiative in the city.
Other modules discussed everything from the private-sector’s role in the development of London’s CrossRail system to ways Japan was able to generate revenue outside of the farebox, as well as congestion pricing in Stockholm, Sweden; public-private partnerships in Canada; and price-to-market fare strategies in Germany.
Ad Loading...
“Because they are public sector financed, many of our members do not have the opportunity to go out and see other models firsthand, so it’s our responsibility to bring those models to our members,” Mollett said of the practicum.
This is the first time APTA has held a practicum focused solely on international funding and financing solutions. To put the modules together, APTA, CUTA and UITP formed an advisory council rounded out by U.S. and Canadian transit agencies and businesses. The council selected a case study to base each module around that took a fresh funding or financing approach, which could also be adapted by North American agencies.
To maintain the opportunity for audience participation, the attendance for the practicum was capped at 180 people.
“We deliberately kept it small because we wanted to maintain an intimate atmosphere so we can have a maximum amount of interaction between the audience, the speakers and the participants,” Mollet said.
Both audio and video presentations from many of the modules and speeches from were set to be available for anybody interested, following the practicum.
Ad Loading...
Mollet and Guzzetti explained that APTA is planning an international study tour next year to help build on the practicum and provide members a chance to see successful transportation projects from around the world.
“Our day-to-day reason for being is to constantly help members network and make connections,” said Mollet. “This Practicum is just a sample of the extra effort we are making as an organization to give access to these innovative funding and financing tools.”
HDR’s transit program management lead discusses the challenges of overseeing large capital projects, adapting to cost and supply chain pressures, and the capabilities agencies need to build for the future.
Over the three days, PRT recorded 485,000 rides, reflecting the extraordinary number of trips taken as people traveled throughout the region for Draft events, work, and daily life.
Garo Hovnanian explores how agencies can better navigate competing priorities, strengthen decision-making, and prepare for a future shaped by electrification and emerging mobility.
The plan includes investments in cleaner vehicles and upgraded stations, NJT LiveView to provide real-time GPS tracking of train and light rail service, enhanced safety initiatives through a new Real Time Crime Center, and the debut of a redesigned NJ TRANSIT mobile app.
ABQ RIDE Forward is the first transit system overhaul in more than 25 years. This latest phase marks 15% completion of the 16-phase rollout, which will continue over the next several years.
During the meeting, the board approved a resolution invalidating a previously amended contract and authorized Board Chair Ann Duplessis to negotiate a separation agreement with CEO Lona Edwards Hankins.
The Pilot Program for TOD Planning helps support FTA’s mission of improving America’s communities through public transportation by providing funding to local communities to integrate land use and transportation planning with a new fixed-guideway or core-capacity transit capital investment.
Transit agencies have moved past pilot projects, but scaling electrification is exposing a harder truth: the real challenge isn’t vehicles, it’s everything around them.