Infrastructure Financing – Expanding the Options
According to the U.S. Conference of Mayors polling data, 65 percent of respondents endorsed infrastructure spending as an important priority. While Washington policy makers continue to debate funding sources, there is an equally important discussion related to the financing model. Perhaps the way forward is a hybrid involving the most effective aspects of both Public-Private Partnerships (P3) and municipal markets. To that end, it is more likely that the solution to financing the massive backlog of U.S. infrastructure will not come from just the tried and true, but rather a new approach that the municipal industry should have an active voice in guiding.
- Chris Hamel, Managing Director & Head of Municipal Finance, RBC Capital Markets