The following excerpt is from an article that originally appeared on The Horn News
The Trump administration is looking to “unleash the potential” of private investors to boost the national transportation networks that underpin the U.S. economy, transportation secretary-designate Elaine Chao plans to tell lawmakers Tuesday.
Economic gains are being jeopardized by infrastructure “in need of repair, the specter of rising highway fatalities, growing congestion, and by a failure to keep pace with emerging technologies,” according to prepared testimony Chao is scheduled to deliver at a hearing of the Senate Commerce, Science and Transportation Committee.
Chao emphasized a significant difference between traditional program funding and “innovative financing tools” that can “take full advantage of the estimated trillions in capital that equity firms, pension funds, and endowments can invest.” She added that private investment should be “incentivized with a bold, new vision.”
While her testimony doesn’t detail those incentives, a white paper released by President-elect Donald Trump’s campaign shortly after the election proposes the government…post was originally published on this site