Defining a National Infrastructure Bank

The idea of creating a national infrastructure bank is gathering support amongst politicians and officials at the federal level. But what is it?
December 12, 2010, 9am PST | Nate Berg
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Matt Dellinger explains how this sort of a bank could operate.

"So what is this magical Infrastructure Bank? Economists and politicians of many stripes have heralded the NIB as an answer to our infrastructure funding problems, as a way to attract private investment, and as a mechanism to better tackle major projects of national and regional significance. Boosters make the NIB sound like free money, a bottomless pot of cash. Perhaps they gloss over the details because the NIB is complicated, a new concept for American infrastructure, and there are competing ideas about how it should operate.

But basically, the National Infrastructure Bank would be a wholly-owned government entity run by appointees and would supplement–and to some degree replace–the appropriations system we have now. It would be different in two ways: First, the selection of projects would be more focused and methodical. And secondly, the financing would be more varied, more privatized, and potentially unique to each project."

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Published on Wednesday, December 8, 2010 in Transportation Nation
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