White House action to expand P3 toll roads

Link to article here.

The key here is Obama took Executive action in lieu of the legislative branch. Ever since George H.W. Bush’s presidency, the US Department of Transportation has been promoting and facilitating P3s, so why President Obama even took this action is puzzling. If he cared about the voters who elected him, he’d shut down P3s and their high cost to drivers, not expand them.

White House Initiative to Expand Public-Private Partnerships
Posted on: Friday, August 15, 2014
National Law Review Online

On July 17, 2014, President Obama announced a new infrastructure investment initiative, the “Build America Investment Initiative.” Among other things, this program is designed to foster increased use of federal credit programs and public-private partnerships (P3s) by state and local governments. This Alert provides an overview of the Build America Investment initiative and its implications for P3s going forward.

Status of Transportation Funding Bill
With an Aug. 1, 2014 deadline quickly approaching for the projected shortfall in the Highway Trust Fund, the House of Representatives enacted a short-term, $11 billion transportation bill on July 15. The Senate is also anticipated to consider this temporary solution in the near future, which would provide funding for surface transportation projects through May 2015. In the face of diminished prospects for a multi-year transportation program being enacted this summer and no expectation of Congressional action on other programmatic changes, the Obama administration has launched this initiative to promote P3s and to attempt to stimulate the growth of these projects through executive branch actions.

Read the rest of the review here.

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