Transortation Issues Daily
When a new Congress or member proposes an infrastructure bank (learn more from Wikipedia), like clockwork I will hear from a couple of State DOT CFOs who say in frustration: “But that’s financing, not funding.” It’s great to have more financing tools and great to accelerate projects, my friends say, but financing rarely adds the additional new funding that is needed to address our long range needs and growing infrastructure deficit. The funding and projects deficit grows due to rising vehicle fuel efficiency, increased construction costs, inflation, and more roads reaching old age and needing preservation and maintenance.
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