October 4, 2017

Why Trump backed off on private public works development

Planetizen - At a House Ways and Means Committee on Sept. 19, President Trump announced he would no longer rely on the private sector to finance 80 percent of his much-touted but little-seen $1 trillion infrastructure package, according to a Washington Post report;

During the meeting, Trump "complained that certain partnerships between the private sector and federal government simply don’t work," reported Tory Newmyer and Damian Paletta on Sept. 26.

The president, participants in that meeting said, pointed to his vice president’s home state of Indiana to demonstrate that a public-private partnership on a federal level would not succeed.

It turns out that Vice President Mike Pence, in his prior role as governor of Indiana, left behind a financial and infrastructure mess for his successor, Gov. Eric J. Holcomb (R), to clean-up.

....An IndyStar investigation reveals that much of the trouble can be traced to the state’s inability to heed several warning signs about the project’s most prominent player, Isolux Cors├ín. The European company had more than an 80 percent stake in I-69 Development Partners, the company building the road.

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