Research conducted by Center Graduate Research Assistant Narae Lee, and Center Director, Dr. Jonathan Gifford, has been published in the journal Transportation Research Record. “MAP-21 to FAST Act: Did the Transportation Infrastructure Finance and Innovation Act Program Better Support High-Risk Transportation Infrastructure Projects?”
The research evaluated the Transportation Infrastructure Finance and Innovation Act (TIFIA) program’s market-leveraging outcomes by investigating whether and how the beneficiary projects’ risk profiles, as measured by credit ratings, changed between the MAP-21 and FAST Act policy periods. To read the full research, see here.