Senate Panel Considers Public-Private Partnership for Infrastructure

The bill, sponsored by Chairman Christopher J. Dodd , D-Conn., and Chuck Hagel , R-Neb., was introduced Aug. 1, the same day an Interstate highway bridge collapsed in Minneapolis, killing 13.“Some might say that our legislation is ‘too expensive,’ or that ‘we can’t afford to implement such a policy.’ I say we can’t afford not to.” Dodd said. 

Hagel said the national infrastructure bank envisioned in the bill would be able to leverage private capital to supplement the current levels of public spending.“The federal government does not have and will not have the resources to appropriate the required funding necessary to meet our future national infrastructure goals,” he said.

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