House Transportation and Infrastructure Committee Chairman Rep. Bill Shuster (R-Pa.) recently established a bipartisan panel that will explore opportunities to use public-private partnerships to carry out transportation, economic development, public building, water and maritime infrastructure projects.
Shuster worked with Rep. Nick Rahall (D-W.Va.), the House Transportation and Infrastructure Committee ranking member, to form the panel on public-private partnerships.
"The private sector continues to show significant, growing interest in investing in infrastructure in the United States and internationally," Shuster said. "But aside from a selection of highway projects, utilization of p3s in U.S. transportation, economic development and water infrastructure has been limited."
Rep. John Duncan (R-Tenn.) will serve as the special panel's vice chairman and Rep. Michael Capuano (R-Mass.) will serve as ranking member.
"Chairman Duncan and the members of the P3 panel will examine the role of public-private partnerships in our infrastructure and where greater opportunities may exist to leverage resources at the federal, state and local level," Shuster said. "The panel's recommendations will be used as the committee continues to develop future legislation."
The panel's objectives will be to identify the role p3s play in the development and delivery of transportation and infrastructure projects, explore whether they enhance the delivery and management of such projects and how p3s can balance the needs of the public and private sectors.
"There's no question that we must modernize our infrastructure across all modes of transportation and identify ways to finance these needed investments," Rahall said. "This bipartisan panel will help our Committee determine what role P3s can play in support of these efforts. I look forward to our work together in the months ahead."
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