Trump walks back support of private spending on public infrastructure

Wherever the president and his administration land on P3s, the financing and delivery mechanism has proven to be, with few exceptions, an efficient way for state and local governments to stretch their money and tackle more capital projects than they could if they had to rely completely on their own funds and expertise.   Even so, many states are preparing to pay for massive infrastructure initiatives themselves. Earlier this year, California lawmakers authorized a $52 billion plan to finance and execute road, bridge and public transportation upgrades and repairs.

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Source: Construction Dive

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