Author Archives: Bill Reinhardt

About Bill Reinhardt

Editor of Public Works Financing newsletter

Confusion Reigns Over Trump Infrastructure Plan

(The following summary borrows heavily from ARTBA’s expert analysis of the Trump budget.) The bottom line: When all elements of the President’s budget proposal are combined, ARTBA believes it’s possible that the Trump Administration’s “Trillion-Dollar Infrastructure Initiative” will actually result … Continue reading

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Trump Budget By The Numbers

The White House FY 2018 budget on infrastructure includes: • A 13% overall funding cut for the Department of Transportation. • A $95-billion cut to surface transportation funding though the Highway Trust Fund over the next decade. • The elimination … Continue reading

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The Narrow Path To An Infrastructure Bill

As it has with previous infrastructure bills, the Senate has undertaken to do the legislative legwork on an infrastructure bill, observers say. Speaking at a Transportation Construction Coalition legislative briefing, Environment and Public Works (EPW) Chairman John Barrasso (R-Wyo.) was … Continue reading

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Key Man Cohn May Depart

At least four groups in and outside the Trump administration have been working on infrastructure policy. Gary Cohn, director of the National Economic Council, is directing the effort, together with James Ray at the U.S. Department of Transportation, and DJ … Continue reading

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The High Cost of Waiting For The Big Pivot

The lack of clarity on the federal funding role is one of the more important factors affecting the state and local infrastructure market. And while the proposed policy changes proposed by the Trump administration would be welcome by private investors, … Continue reading

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Rhode Island Bridges—Low Hanging Fruit

With relatively few dollars of its own and a lot of political courage, Rhode Island is solving its (very) deficient bridge problem. There are more than 56,000 structurally deficient bridges on and off the Interstate system that are getting pounded … Continue reading

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I-69: The Perils of P3s

After three years of start-and-stop work by a P3 developer upgrading a segment of I-69 near Bloomington, the Indiana Finance Authority (IFA) finally seems ready to terminate the 35-year DBFOM agreement it signed in 2014 and restart work under a … Continue reading

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Earmarking Pet Projects

From a speech by Ron Utt, of the Heritage Foundation: “Alaska’s infamous Bridge to Nowhere—included in the 2005 transportation reauthorization bill—was the spark that inflamed efforts to ban earmarks in federal programs. In response to widespread public ridicule and allegations … Continue reading

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Infrastructure Crisis Unmasked: Congenital Dithering

Soon after signing a 30-year water/wastewater concession in Rialto, Calif., Table Rock Infrastructure partner Megan Matson went on a 100-city tour to explain the contract to municipalities with similar needs for investment and expertise. What she found among the midsize … Continue reading

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Asset Recycling Is The Crown Jewel?

The White House budget presented in early May did not identify privatization of public assets as a strategy for leveraging some of the $200 billion in direct investment in infrastructure proposed by President Trump. Such deals are typically large, they’re … Continue reading

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