Transcripts For CSPAN2 C-SPAN2 Weekend 20130727

Most of that money is being spent overseas because thats where the ppp opportunities are. Why does this matter . What are other countries getting by enabling large use of longterm ppps in infrastructure . I see four major benefits. First, as the governor said, more investment is an important benefit. But be i think even more important is a productive investment. Because ppp projects have to meet a market test. They have to demonstrate that the project benefits will likely produce a return on investments. So thats a very important additional benefit. Third, we can shift significant risks of infrastructure megaprojects from taxpayers to investors for risk of cost overruns, late completion of the project and risks of overoptimistic traffic and revenue projections. And fourth, we can get guaranteed maintenance of the projects that are done by means of longterm ppps because the same entity that builds it doesnt just walk away, but is responsible for operating it and maintaining it for a long period of time as a his competing for customers. Now, i think its time really to look take a hard look at the model the federal government has used for infrastructure which is user taxes, trust funds and grants. First of all, user taxes are now seen as just taxes, and any