The Department of Transportation is seeking public-private
partnerships for highway maintenance, Secretary Norman Y.
Mineta has announced.
Speaking before an annual conference on public-private
ventures in transportation, he advocated a greater role
for the private sector in “maintaining the transportation
infrastructure,” through, “new flexibilities for private
activity bonds,” and flexibilities provided by the
transportation infrastructure and finance and innovation
act.
He also said “design-build, debt service reserves for
transit, environmental streamlining, and tolling and road
pricing,” would encourage private sector support for
infrastructure investments – and added that he would renew
efforts to work with Congress to pass the “safe,
accountable, flexible, and efficient transportation equity
act,” something he said would allow states and localities
to move forward with their investment plans.
Public-private ventures “can be structured to provide better
incentives for innovation, cost reduction, faster project
delivery and improved management of new and existing
facilities,” said Mineta.
Published by FEDweek
11541 Nuckols Rd. Suite D
Glen Allen, VA 23059
(804) 288-5321
Website: www.fedweek.com
