Guilmino has extensive background in transportation investment banking and has managed billions of dollars of debt for tolling entities, departments of transportation and transit clients. Tapping into his expertise, Guilmino offers clients a unique understanding of innovative structuring options as well as the perspectives of rating agencies and investors who are required to optimize successful financing.
30 seconds with Brad Guilmino …
Q. How important is private sector participation in the transportation industry?
A. “When traditional funding sources fall short, public-private partnerships and programs designed to encourage private investment in public infrastructure programs can help departments of transportation, toll authorities and transit agencies move needed projects from partial to full funding. In today’s tight fiscal climate and with uncertainty surrounding federal funding levels, this is more important than ever.”
Q. What else can be done to encourage private investment?
A. “It’s become clear that TIFIA loans, Transportation Investment Generating Economic Recovery, or TIGER, grants, and private activity bonds are absolutely critical to a P3’s success. These favorable financing tools and programs help squeeze out every dollar available when funding is tight or stagnant. And, these instruments often pass savings from the resulting, more efficient financing plans on to public sponsors.”
Q. Are the other tools that cash-strapped transportation departments can use to generate revenue?
A. “Absolutely. Among the emerging non-traditional solutions are establishing a state infrastructure bank, along with infrastructure investment funds; EB-5 loans, a tool created by the U.S. Congress that leverages foreign investment in return for provisional green cards; and social impact bonds. In fact, in the future it may be common for project owners draw from multiple such sources to close the funding gap.”
● Bachelor of Science, finance, Louisiana State University