Bloomberg: Infrastructure investment can provide a big payoff

During the current presidential campaign, both candidates have expressed the need for the country to invest hundreds of billions of dollars in critical infrastructure projects. While Hillary Clinton has more specifics — $275 billion investment over five years, creation of an infrastructure bank to lure private money — Donald Trump’s official infrastructure statement is limited to the current state of roads and bridges and a promise to provide more information in the near future. Last year, Brendan Bechtel, incoming CEO of Bechtel, echoed the sentiments expressed by both candidates and Winkler in an op-ed piece for USA TODAY. Bechtel called on Congress to increase infrastructure spending and to take advantage of nontraditional financing structures like the public-private partnership (P3). P3s can shift the burdens of financing and maintenance to the private sector, allowing public entities to stretch their limited funds across more projects. This might be the only way to tackle the necessary backlog of infrastructure repairs and upgrades, since, according to the American Society of Civil Engineers, the U.S. is facing a $1.44 trillion infrastructure-funding gap, which could skyrocket to $5.18 trillion by 2040.

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