CBO Says Not Enough Projects To Justify Infrastructure Bank

Law360, New York (July 13, 2012, 1:51 PM EDT) -- The Congressional Budget Office said Thursday that there are likely not enough projects to justify a federal infrastructure bank, despite recent interest by senators from both political parties.

Over the last two years, politicians and lobbyists have called for a federally funded and controlled national infrastructure bank that would support large-scale transportation, energy and water projects with funds offered at lower than market rates. But given the current makeup of project proposals and existing government initiatives, the resources needed to put together an infrastructure bank would...
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