The 3804 International Bridge, Tunnel and Turnpike Association (IBTTA) has welcomed the US Senate Commerce, Science & Transportation Committee’s confirmation of Elaine L. Chao as Secretary of the 324 US Department of Transportation.
During the hearing, Chao stated in her opening remarks that a challenge for the nation’s infrastructure is to, “unleash the potential for private investment in our nation’s infrastructure. As we work together to develop the details of President Trump’s infrastructure plan, it is important to note the significant difference between traditional program funding and other innovative financing tools, such as public-private partnerships.”
IBTTA executive director and CEO, Patrick Jones, said, “IBTTA and the tolling industry are excited to work to advance the new administration’s vision to invest in restoring America’s crumbling roads, bridges, and other critical infrastructure over the next decade.
We look forward to ensuring that toll finance remains an important component of any proposal to rebuild our nation's transportation infrastructure. We will do our part to meet our country's surface transportation infrastructure needs.”
During the hearing, Chao stated in her opening remarks that a challenge for the nation’s infrastructure is to, “unleash the potential for private investment in our nation’s infrastructure. As we work together to develop the details of President Trump’s infrastructure plan, it is important to note the significant difference between traditional program funding and other innovative financing tools, such as public-private partnerships.”
IBTTA executive director and CEO, Patrick Jones, said, “IBTTA and the tolling industry are excited to work to advance the new administration’s vision to invest in restoring America’s crumbling roads, bridges, and other critical infrastructure over the next decade.
We look forward to ensuring that toll finance remains an important component of any proposal to rebuild our nation's transportation infrastructure. We will do our part to meet our country's surface transportation infrastructure needs.”
