In recent weeks, President Obama spoke in Delaware, highlighting the need to expand and improve our nation’s transportation infrastructure, embracing the growing trend of public-private partnerships, or P3s.
In fact, he recently created the “Build America Transportation Investment Center (BATIC), a Department of Transportation (DOT) effort, helping to connect government agencies and private industries. The organization will assist companies across the country to navigate the process involved in designing, financing, building, and permitting large-scale transportation improvement projects.
P3s have existed for many years, but recent activity points to a growing trend in the transportation industry. The movement is widely supported across party lines; with strong economic benefits helping to merge state interests.
In collaborating with private companies, the government is not only investing in the local and state economies, but the infrastructure our nation needs to build for the future of our nation, in an economical and efficient method.
Read the full article on Forbes.