Private Sector Could Help Fund $2T Infrastructure Bill
By Andrew McIntyre (May 7, 2021, 7:23 PM EDT) -- As President Joe Biden rallies Congress to pass his roughly $2 trillion infrastructure bill, Washington could look to the private sector in the form of public-private-partnerships, or P3s, to help fund the ambitious goal of upgrading the nation's infrastructure.
Biden's plan would upgrade 20,000 miles of highways and roads and repair 10,000 bridges, including 10 of the country's "most economically significant bridges," according to a fact sheet the White House issued in late March.
Experts say P3 arrangements, which are common in Europe and Canada but rarely used at the federal level in the U.S., could provide some much needed capital...
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