Chapter 18: A Banking Perspective on Transport

This chapter provides a banker's view of some issues that have already been discussed in these handbooks. It will:

The transport sector incorporates a wide range of industry subgroups that, by their definition, are all broadly involved by some means in the movement of people or goods from point A to point B. Therefore, a one-man trucking operation and Qantas both fall under the transport industry banner. Clearly there are significant differences between the many types of transport businesses. This chapter focuses on the financing of large-scale transport infrastructure such as railways, toll roads, and airports. Finance raised for these types of project is generally characterized as “project finance,” and is explained below. This is in contrast to the small business finance that would be sought by a truck owner and the corporate finance that would be raised by Qantas.