May 16, 2010

ITDP Testfies in Support of National Infrastructure Fund

ITDP’s global policy director and founder, Michael Replogle, joined Pennsylvania Governor Rendell, Los Angeles Mayor Villaraigosa, and Representatives DeLauro (D-CT), DeFazio (D-OR), and Lipinski (D-IL), in testifying before a U.S. House Ways and Means subcommittee hearing on infrastructure banks on May 13, 2010. Creating a National Infrastructure Bank, as proposed in H.R.2421, or a National Infrastructure Fund, as proposed in the FY2011 Department of Transportation budget could help assure more performance-based investment. ITDP’s support for such new transportation funding is dependent on accountability to cut carbon pollution, with an open and transparent project selection process that considers environmentally-protective alternatives. The U.S. should learn from experiences at other development banks. Soft loans for pre-project development costs for bus rapid transit, parking and travel demand management, congestion pricing, and non-motorized transport innovations, which could be supported by revenues from real estate value capture, public-private partnership operating concession agreements, and road user charges.

Download the testimony here.

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