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 Gribbin, Special Assistant to the President for Infrastructure Policy. In addition, there is a committee of outside advisers co-chaired by real estate developer Richard LeFrak, a Trump friend.
All have strong P3 credentials, especially Cohn, who was CEO of Goldman Sachs when it advised on four large U.S. toll road DBFOM projects and the privatization of the Indiana Toll Road, a deal worth $3.85 billion.
Holding the group together long term may be a challenge. News reports in early June indicate that Cohn, a Democrat, may be seeking Janet Yellen’s chair at the Federal Reserve, which she’ll leave next February.

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About Bill Reinhardt

Editor of Public Works Financing newsletter

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