FEDERALhearing transcript

Senate Hearing on Private Investment in Public Infrastructure

Original title: EXPLORING OPPORTUNITIES FOR PRIVATE INVESTMENT IN PUBLIC INFRASTRUCTURE

January 1, 2016

infrastructure public-private partnerships transportation transit funding public policy

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The Frame

What this does

The hearing addresses how the federal government might shift from traditional public funding to public-private partnerships (P3s) to manage and finance the $86 billion national transit repair .

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Public transit agencies

These agencies may shift from traditional procurement models to public-private partnerships for infrastructure projects.

Private infrastructure investors

These entities are potential partners for financing and managing public transportation projects.

What changed

Last recorded activity January 1, 2016.

What's next

Next step not available in the current record.

Summary

This Senate subcommittee hearing explored the potential for using private sector investment and partnerships to help fund and manage public transportation and infrastructure projects. The discussion focused on addressing a significant national in transit maintenance and repair costs.

Key Facts

The national transit system has an $86 billion backlog in repair and maintenance costs.
The transit repair backlog is increasing by $2.5 billion annually.
The hearing examined the 'Public-Private Partnership' (P3) model as an alternative to traditional public infrastructure procurement.
In a P3 model, private entities may take on design, engineering, construction, maintenance, operation, and financing responsibilities.
The hearing took place on April 29, 2015, in the Dirksen Senate Office Building.
The subcommittee is part of the Senate Committee on Banking, Housing, and Urban Affairs.

Why It Matters

The hearing addresses how the federal government might shift from traditional public funding to public-private partnerships (P3s) to manage and finance the $86 billion national transit repair .

Frequently Asked Questions

What is a public-private partnership (P3)?

A model where a private sector entity takes on some or all responsibilities for designing, building, maintaining, operating, or financing a public infrastructure project.

Why is the Senate looking at private investment for public transit?

To address an $86 billion in transit repair and maintenance that is growing by $2.5 billion every year.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Shift toward P3 models

The hearing highlights a legislative push to move away from traditional public-only funding models toward private sector involvement to address maintenance backlogs.

Federal Transit Administration

Connected Entities

organizationFederal Transit Administration“Federal agency overseeing transit policy”Map →

personRobert Menendez“Ranking Democratic Member of the Subcommittee”Map →

personTim Scott“Chairman of the Subcommittee on Housing, Transportation, and Community Developme”Map →

personColleen Campbell“Witness, Board Member of Infrastructure Ontario”Map →

personJane F. Garvey“Witness, Chairman of Meridiam Infrastructure Fund, North America”Map →

personCalvin E. Hollis“Witness, Managing Executive Officer at LA County Metropolitan Transportation Aut”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance65
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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