I alluded to the “red tape” in my second point. I will meet with construction leaders and identify ways to streamline the administrative process for rebuilding and enhancing our roads, bridges, airports and tunnels.
We should encourage our local banks to consider financing more economic development in our state. Various programs such as the Community Investment Act and low-cost loans from the Federal Small Business Loan Program could provide an incentive for Connecticut based banks to support projects to improve our infrastructure. It will allow them to increase their business activity, create more local jobs for construction projects and improve the quality of life for all residents.
In a PPP, a government agency contracts with the private sector to rebuild an airport, transportation system or other critical assets. The private sector partner brings the technology, expertise and actual experience running a business. The private partner funds part of the cost of construction, allowing us to improve the state’s transportation system without adding to our already massive budget deficit. Other states have used this model to improve the quality of their infrastructure – faster, cheaper and better than the state government has any chance of doing. With the proper supervision and an open-minded person eager to negotiate these partnerships, PPP’s can be a very efficient way to rebuild our state. It will take all the tools at our disposal to repair years and years of neglect to our roads and bridges. But we have many assets to draw on and with the proper leadership, we can begin the process of rebuilding our state now!
What do you think? Leave a comment or email me at firstname.lastname@example.org