Transportation Secretary Chao Calls for Private Infrastructure Funding

U.S. Transportation Secretary Elaine Chao said her office was exploring new ways to finance President Donald Trump’s proposed $1 trillion infrastructure upgrade, including through public-private partnerships. Speaking at an American Association of State Highway and Transportation Officials event in Washington Wednesday, Chao offered no specifics about the type of projects that would be prioritized by the administration, or how they would be funded. But she said the department was exploring ways to unleash private investment, and said barriers that hinder public-private infrastructure partnerships need to be removed.

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SOURCE: Bloomberg

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