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Report: Private sector key to nation’s infrastructure, but hurdles remain

May 26, 2016 By Andrew Smith

Amid congressional gridlock, business leaders and transportation officials are turning to the private sector to help fix the nation’s crumbling infrastructure.

But a new report from the Bipartisan Policy Center says the effort is going to require an investment model that encourages more transparency and less regulatory hurdles.

The Bipartisan Policy Center’s executive council on infrastructure unveiled a set of recommendations last week outlining how the country can fill an estimated $1.4 trillion infrastructure shortfall between now and 2025.

Bipartisan Policy Center 05.2016

Lawmakers have repeatedly struggled to come up with a long-term funding solution for the country’s infrastructure, despite a growing number of congested roads and deficient bridges. The federal gasoline tax, which finances the Highway Trust Fund, has not been raised in over two decades.

Keep reading this article at: http://thehill.com/policy/transportation/280070-report-private-sector-key-to-nations-infrastructure-but-hurdles-remain

Filed Under: Contracting News Tagged With: Bipartisan Policy Center, federal gas tax, Highway Trust Fund, infrastructure, P3s, private sector, public sector, public-private partnerships, state & local government, transportation

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