A special panel created by the House Transportation and Infrastructure Committee will look at new ways to leverage private investment in public infrastructure.
The panel will be chaired by committee member Rep. John Duncan (R-Tenn.) and will examine the current state of P3s to identify the role public-private partnerships can play in developing and managing transportation infrastructure projects in the United States.
“Aside from a selection of highway projects, utilization of P3s in U.S. transportation, economic development, and water infrastructure has been limited,” Rep. Bill Shuster, Chairman of the House Transportation and Infrastructure Committee, said. “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. The panel’s recommendations will be used as the Committee continues to develop future legislation.”
The 11-member Panel on Public-Private Partnerships will revisit the work done last year by a house panel on intermodal freight issues. The group will meet with industry groups and state and local governments over the next six months.
“I am eager to explore this new era of public-private partnership and ways it can enhance the next surface transportation bill and other facets of our infrastructure,” Duncan said.
Shuster said he wants to the panel to take a look at what role public-private partnerships can play in transportation funding, how they might help speed along project delivery times and how lawmakers can balance the needs of the public and private sides of partnerships.
“There’s a lot to learn about the roles they play and the benefits they can provide,” Shuster said.
Additionally, Shuster said he hopes the panel’s work will influence a future rail authorization bill. He and other Republicans have said they want to promote private investment in passenger rail, particularly in already profitable centers of population density like the Northeast Corridor.