Research Article
Dec 1965
Financing Urban Transportation
Authors: T. R. Todd and Robley Winfrey, F.ASCEAuthor Affiliations
Publication: Journal of the Highway Division
Volume 91, Issue 2
Abstract
Transportation is a field in which the civil engineer has long performed a notable service. Current (1965) urban transportation problem sad demands are economically, politically, socially, and technically complex. There is, therefore, a necessity for the civil engineer to join with other disciplines in planning, building, and operating urban transportation systems. Financing is undergoing changes in policy and attitudes. Urban transit systems generally can no longer be wholly financially supported from fares; some form of public subsidy is required, regardless of whether the transit system is publicly or privately owned or operated. This subsidy is most often supplied through general revenues of the urban area government, or from state sources. Adequate financing of construction and operation of urban area transit systems is aided materially by the creation of a suitable areawide organizational structure with the necessary legal authority to act. Current activity in Massachusetts, New York, Seattle, Wash.; Chicago, Ill.; and the San Francisco Bay Area is based on some form of public financial assistance to improve the urban transportation system.
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Information
Published In
Journal of the Highway Division
Volume 91 • Issue 2 • December 1965
Pages: 89 - 99
Copyright
© 1965 American Society of Civil Engineers.
History
Published in print: Dec 1965
Published online: Feb 6, 2021
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Authors
Affiliations
T. R. Todd
Financial Economist, Finance Task Group, Economics and Requirements Div., Bur. of Pub. Rds., U.S. Dept. of Commerce, Washington, D. C.
Robley Winfrey, F.ASCE
Highway Research Engr., Engrg. Economy Group, Economics and Requirements Div., Bur. of Pub. Rds., U.S. Dept. of Commerce, Washington, D. C.
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.