Read publication*

For the first time in over a decade, Congress passed a long-term transportation bill, "Fixing America's Surface Transportation", which provides USD305 billion in funding over five years. The FAST Act programs focus on improving roads, bridges, transit systems and rail transportation networks. The funding amounts to approximately a 15 percent increase to the current level. What is the impact on public-private partnership projects, if any? The greatest benefit to the infrastructure world, in general, is that the Act provides certainty to state and local governments, and the business sector around funding levels, which should assist in—or at least reduce some of the anxiety around—critical financial planning of major infrastructure projects.

*First published in P3Bulletin, Volume 4 Issue 2
Explore More Insight