PE Professional
Private Capital Can Save America's Crumbling Roads and Bridges
September 2024
"The money doesn't exist for these repairs, and time is running out to get them done." That blunt warning frames Bob Hellman's PE Professional op-ed on the state of America's roads and bridges.
The American Infrastructure Partners CEO argues that the scale of needed transportation repairs vastly outstrips what federal and state budgets can provide, writing that the federal government is in no position to fill the breach, and that the country's roads and bridges are visibly crumbling while the public sector lacks the means to fix them. His answer is private infrastructure capital, which he argues brings not only the funding governments lack but also the accountability and delivery discipline that public procurement often does not.
Hellman positions private investors as ready and able to step into the gap, financing the repairs that cannot wait for a distant federal package.
Originally published by PE Professional on September 2024. Read the original article.