White House Proposal Promotes Private Investment in Infrastructure Projects

President Obama proposes creating public infrastructure bonds to finance infrastructure projects and promote P3 participation

The New York Times

The White House recently unveiled a tax proposal and administrative actions that promote private investment in infrastructure projects such as roads, bridges, water systems and broadband networks. One proposal, which could garner bipartisan support, creates qualified public infrastructure bonds that could be issued to finance airports, roads, mass transit, water and sewer systems, and other projects, according to The New York Times article. These would be the first type of municipal bonds available for public-private partnerships and would be exempt from the alternative minimum tax.

As of Friday, the White House had not released details of the cost of the President's bond proposal or how it would be paid for.

(more on Obama's infrastructure funding proposal...)

 

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