Helping clients devise innovative finance plans to successfully fund their programs

While Congress debates national transportation infrastructure funding, the biggest challenge for most organizations is the notion of doing more with less. HNTB’s team of dedicated financial experts has helped state, municipal and authority clients across the country identify and analyze innovative financing methods and project delivery options, allowing those agencies to implement vitally important infrastructure projects years earlier than if those same projects had been financed and delivered by conventional means.

Multiple funding sources help bring projects to life
In today’s funding environment, it is common for projects – especially large capital programs — to have financial plans comprised of multiple funding sources. HNTB’s financial experts assist clients in identifying those sources and quantifying their impacts.
 
We outline the value, benefits, risks and other considerations of each financing method, providing qualitative and quantitative guidance to help our clients choose the approach that best meets their public policy goals, budgets and schedules. A multifaceted funding strategy may incorporate:

• User fee-based financing, such as tolls, fares and passenger charge
• Private investment through public-private partnerships
• Maximized use of federal grants and loans program
• New sources and mechanisms for increased state participation
• Methods of non-traditional revenue generation

Delivery options allow agencies to choose “best value”
Clients count on an unbiased, balanced evaluation of traditional public bid-build-delivery and design-build options, as well as P3 concession options, so they can choose the best value for their projects. Our analysis goes beyond the upfront financing of a project to arm policymakers with the benefits, risks and other considerations of alternative project delivery methods, including:

• Innovations that accelerate project timelines and lower cost
• Risk transfer
• Cost of capital and equity participation
• Alternative operations contracting methodologies

HNTB also can analyze various P3 forms, including the two main aspects of design-build-finance-operate-maintain delivery:

• Revenue-demand risk concession lease
• Availability payment transaction

A wealth of transaction experience enables us to analyze the bonding and debt capacity for tax-exempt and P3 plans while optimizing them with Private Activity Bonds and TIFIA loans to achieve a lower cost of capital.