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First Practicum on Finance, Funding Attracts Global Industry Leaders
More than 150 public transportation leaders from seven countries as well as the U.S. and Canada attended the APTA and CUTA first joint International Practicum on Innovative Transit Funding & Financing, an in-depth program held in Montréal immediately before the annual Rail Conference.
The opening session, “In Search of a Comprehensive Framework: The Toronto Experience,” explored how non-traditional investment strategies—combined with an extensive public awareness and involvement campaign—generated support from the business community and the general public.
The practicum featured two keynote presentations. Anne Golden, chair of the Ontario Transit Investment Strategy Advisory Panel, outlined the Toronto project in her remarks, and George Hazel led a discussion on value capture strategies. Hazel is former member of the UK Secretary of State for Transport’s Steering Group for National Road User Charging and author of the Metrolinx Report on Land Value Capture, Edinburgh.
Several case studies were featured, including:
* London’s CrossRail project on capturing the financial value transit brings to a city, presented by Julian Ware, senior principal, Transport for London;
* New price-to-market fare strategies in Germany, by Till Ackermann, manager of economics and business development, Association of German Transport Companies;
* Non-transportation business revenues generated by the East Japan Railway Co., by Emiko Sayama, director, New York Office, East Japan Railway Co., Tokyo;
* Los Angeles County ballot initiative where voters approved a half-cent sales tax, by Richard Katz, former board member, Los Angeles County Metropolitan Transit Authority; Denny Zane, executive director, Move LA; and Tracy Rafter, CEO and founder, Los Angeles County Business Federation;
* Stockholm congestion pricing, by Gunnar Soderholm, director, Environmental and Health Administration, Stockholm; and
* Alternative methods of project delivery and financing, including public-private partnerships, by Fred Cummings, president and general manager, British Columbia Rapid Transit Co., Vancouver.
Other speakers from Spain, Australia, Belgium, the United States, and Canada provided context and alternate perspectives to the wide-ranging discussions.
The practicum was co-hosted with the Canadian Urban Transit Association, with support from the International Association of Public Transport (UITP).
It was sponsored by AECOM, Agence métropolitaine de transport, HDR, Parsons, Bytemark, Mayer Brown, MMM Group, and Faiveley.
Find more details here.
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Leaders of the practicum organizations gather as the program concludes. They are, from left, Michael Roschlau, president and chief executive officer, Canadian Urban Transit Association (CUTA); APTA Chair Peter Varga, chief executive officer, The Rapid, Grand Rapids, MI; CUTA Chair Daniel Bergeron, vice president, strategic data and metropolitan affairs, Agence métropolitaine de transport, Montréal; and APTA President & CEO Michael Melaniphy. |
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