Financing transportation infrastructure projects is often one of the most significant challenges in creating a comprehensive Transportation System Plan (TSP). Funding for transportation projects comes from a variety of sources, including federal and state governments, local taxes, and private investments.
A well-crafted TSP outlines the cost of proposed projects, the sources of funding, and the timeline for completion. Public-private partnerships (PPPs) can also be used to leverage private capital to fund large-scale transportation projects.
Securing financing for transportation systems is crucial for ensuring that planned projects are completed on time and within budget, ultimately leading to a more efficient and accessible transportation network.