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FRIP |
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The FRIP was originally proposed by the State of Rhode Island in the mid-1990s to increase the capacity of the electrified Northeast Corridor along a twenty-two-mile corridor from Central Falls, Rhode Island, through Providence, to Quonset Point/ Davisville and to increase overhead clearances to allow for the movement of modern rail equipment, thereby enabling development of the State's Quonset Point/Davisville port facilities. The FRIP provides a valuable insulation against all but the first (pound)30m of lease income exposure on a net present value basis, not otherwise provided, relating to the insured fleet. The FRIP isolates the performance of an existing portfolio of aircraft from future risk and volatility in the regional aircraft market. |
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