Heavy Duty Trucking

OCT 2014

The Fleet Business Authority

Issue link: https://heavydutytrucking.epubxp.com/i/399400

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p www.truckinginfo.com House panel sees important, limited role for public-private partnerships Private investment can work well as a funding source for some infrastructure projects, particularly those that are very expensive and complex, but it is not useful for most projects. That's the message from a House study on the ben- efits and risks of using public-private partnerships to pay for highways and other transportation projects. Members of the House Transportation and Infra- structure Committee did the study over the past six months as part of their preparation for drafting the next federal highway bill. "Billions of dollars of infrastructure needs in the U.S. are in search of funding, and well-executed public- private partnerships can enhance the delivery and management of infrastructure," said Rep. John Duncan, R-Tenn., who chaired the bipartisan panel. "P3s cannot provide the sole solution to all of the na- tion's infrastructure needs, but they can offer significant benefits, particularly for high-cost, technically complex projects," Duncan said. Rep. Michael Capuano, D-Mass., the ranking mi- nority member of the panel, concurred with Duncan, adding, "When it comes to improving our nation's in- frastructure there is no question that federal investment remains a key factor." Capuano said that the key to a successful P3 project is transparency about the money and management. Al- though private investors are putting in their own money, there's a lot of public money involved as well, he said. "Federal money is a huge chunk of every P3," he said. "There is no free lunch. When tax dollars are on the line either directly or indirectly through a P3, people need to know what's at stake." Rep. Peter DeFazio, D-Ore., said the key moment in the panel's research came when Wall Street financial services experts who have a vested interest in P3s said that such projects could address maybe 10% to 12% of the nation's infrastructure deficit. Duncan indicated he is more optimistic about the potential scope of P3s than that. Read more about The CAT Scale Guarantee at www.catscaleguarantee.com 1-877-CAT-SCALE (228-7225) © 2014 CAT Scale Company My company's been using CAT Scale for about as long as they've been around. We had an incident happen, got a ticket for an overweight. Sent all the documentation to CAT Scale and they sent us a check two days later. If you want to be sure your weight's right and you want somebody who's going to back it up like they say they are, use CAT Scale. " " – Miller T Like us on Facebook. We've Got Your Back. ® Circle 150 on Reader Action Card WASHINGTONreport "When tax dollars are on the line either directly or indirectly through a P3, people need to know what's at stake." – Rep. Michael Capuano, D-Mass.

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