A New Graduate Course in Transportation Infrastructure Finance in the Civil Engineering Department at Texas A&M University

Project Description

Experts predict that the highway trust fund will deteriorate rapidly over the course of the next several years. This situation has led many state agencies to seek alternative financing methods that can meet both social and economic needs. One possible solution to the problem is to partner with the private sector and together, utilizing project finance methods, deliver facilities.

Very few, if any, of the educational programs in the country have a project finance course integrated into the core curriculum for graduate civil engineering students. Even fewer programs treat project finance as a truly interdisciplinary topic. In fact, the topic of project finance often constitutes only a small part of the structured finance curricula. This project bridged this gap by developing educational and teaching materials for an interdisciplinary course in project finance. This course communicates the implications of financial decisions on engineering choices and vice versa. The course is directed toward graduate students at the Master of Science level to better prepare them to deal with real-world transportation financing.

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