![]() ![]() ![]() These contracts are not only more expensive than if the state or locality used traditional public financing, but they also often empower private investors to shape public policy. ![]() The private investors negotiate contracts - called “public-private partnerships” - that allow them to profit from raising water rates or hiking tolls on highways, or from charging the government expensive lease payments. The danger is that this additional funding comes with strings attached. But for large, federally supported transportation projects, state and local governments will be required to consider additional funding from private investors. Much of the new federal spending will go to fill potholes, repair bridges, lower the cost of high-speed internet, and build other things our communities need.
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