$6.8 Billion Allows Public-Private Partnerships
WASHINGTON, DC – This week, Ohio Governor John Kasich and the State Legislature finalized the state’s new transportation budget of $6.8 billion, with $1.6 billion to be used for maintaining the state’s existing infrastructure, and granted new authority for the state to enter into public private partnerships to develop new transportation infrastructure projects. In response, Marcia Hale, president of Building America’s Future, issued the following statement:
“Governor Kasich showed true leadership by passing a budget that not only includes funding for new transportation projects and maintaining existing infrastructure, but also by providing Ohio a new tool to finance and build projects. Enabling public private partnership (P3) authority will allow Ohio to deliver its transportation infrastructure more efficiently as well as leverage private sector dollars to improve Ohio’s quality of life and economic prosperity.”
Building America’s Future (www.BAFuture.org) is a bipartisan and national infrastructure coalition comprised of state and locally elected officials to help secure a renewed and reformed federal commitment to infrastructure. Co-chaired by Mayor Michael Bloomberg (I-NYC), former governors Arnold Schwarzenegger (R-CA) and Ed Rendell (D-PA), Building America’s Future is dedicated to smart infrastructure investment – energy systems, roads and bridges, mass transit, water and sewer systems, rail, ports, airports, levees and dams, schools and housing – to enhance the quality of life and safety of our communities, create jobs and economic growth, and promote energy independence. Building America’s Future supports a reformed and robust transportation policy for the United States.