Washington DC- Today Building America’s Future co-chair and former Pennsylvania Governor Ed Rendell applauded Representatives Schwartz and Whitfield and Senators Wyden and Hoeven for their introduction of the Transportation and Regional Infrastructure Project bonds program or TRIPs. Building America’s Future has been an advocate for innovative financing tools, such as bonds, that help states invest in critical transportation infrastructure projects.
“As America’s infrastructure continues to crumble and our nation slips further behind as a global economic leader, it is critical that we find smart, creative ways to fund transportation projects. With the introduction of the TRIPs Bond Program, Representatives Schwartz and Whitfield and Senators Wyden and Hoeven are answering the nation’s call to action, providing $50 billion in new transportation infrastructure financing,” said Ed Rendell. “I applaud these Congressional Members for working together to create a strong, bipartisan support for investing in our nation’s transportation systems. This innovative financing tool will help rebuild America’s transportation infrastructure and help put our nation back on the road to economic recovery.”