To keep infrastructure projects on-time and on-budget, embrace public-private partnerships

In a recent essay titled, “What Trump Finally Got Right About Infrastructure,” Columbia professor Joel Moser performs a great service by underscoring the important distinction between the funding of infrastructure and its financing. Before financing can be secured from any source, adequate project funding — whether from broad-based taxes or some type of user fee such as tolls — must certainly be in place. The essay runs off the rails, however, by declaring that private investment in infrastructure in fact “works quite well,” but then urging the United States to stick with the “old-fashioned way” and resist innovative infrastructure delivery.

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Source: AE Ideas

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