For Dan Flanagan’s life-long work to promote private investment in public works infrastructure, Public Works Financing this month has elected to name PIRC’s infrastructure credit bond the “Flanagan Bond”.

Given his dauntless optimism, PIRC’s co-chairman Daniel V. Flanagan Jr. is the right person to help carry this zero-interest bond idea and the rest of PIRC’s proposals in the halls of Congress, we believe. If he succeeds, the P3 market in the U.S. will flourish and performance-based infrastructure will gain real traction.