HOLIDAY

Urgent Need for a Private Infrastructure Bank

The Infrastructure Investment and Jobs Act is not enough. Major funds are needed to make the improvements that are necessary. The best way to provide this funding is through a private financial institution.

According to Real Clear Politics, the IIJA is just a down payment. Look at the math. The headline figure is $1.2 trillion, but new spending in the bill totals only $550 billion, with the rest already committed from previous legislation. The American Society of Civil Engineers estimates that the shortfall in the nation’s total needs for surface-transportation infrastructure alone amount to $1.2 trillion through 2029. And even making that investment would bring U.S. infrastructure up to a grade of only “B” – good, but far from exceptional.

Read More

BUILDER.MEDIA TERMS OF VIEWING POLICY!
This website, digital publication, and all of its contents are the copyright protected legal intellectual property of Builder Media. None of the protected content of this publication may be copied, shared, forwarded, reposted, reformatted or in any way utilized for any purpose without the written permission of the Publisher, under penalty of suit as provided by U.S and International laws governing copyright.