How we helped
Castalia analyzed all possible avenues to provide additional funding for the expressway program, including land value capture, capital recycling from the re-sale of expiring concessions, and transport-oriented development. We developed detailed projections of the funding required to complete the expressway program and compared it to the existing fiscal commitments and other possible sources of revenue. We confirmed that, with the inclusion of the additional funding sources, the small remaining funding gap could be closed using available fiscal resources. We designed a revolving fund structure that would both enable and incentivize the collection of additional revenues and would allow year-to-year mismatches in funding and costs to be managed through borrowing.