Problem
As traditional funding from the federal government has become increasingly uncertain, state and local governments are struggling to invest in the roads, power grids, and other kinds of infrastructure that we need to ‘build for the future’ in the changing economy. Without a standard set of rules around private funding for public infrastructure, it becomes much more difficult for both the government and private companies to fill this critical void.
Solution
Public Private Partnerships (P3s) are structures to essentially share resources to reduce the cost of construction, and therefore enable more projects, create the associated jobs, and literally build the kind of modern America we want to live in. Senator Keller is working to develop a standard set of best practices for public-private partnerships in order to untap private funding that can lower the cost and speed up infrastructure improvements while still ensuring accountability to the public.
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