Private investment opportunities may figure in the future of U.S. transportation infrastructure for many states, but not others. Uncertainty about federal investment looms largest of all.
“I’ll be the first to call BS,” said John Schroer, Tennessee Dept. of Transportation commissioner, referring to the current administration’s oft-quoted promise to bring $1 trillion in infrastructure investment, mostly through private funding. Speaking on a panel at the Transportation Research Board’s annual meeting this month, he noted that his state has no P3 legislation and added, “We are concerned about the trust fund becoming insolvent.”