Last week was a big one for public-private-partnerships:
On Friday, President Obama fleshed out his partnership plan, which he had announced during the State of the Union and the American Society of Civil Engineers issued its annual Report Card on infrastructure. We got a bump because of partnerships in the rail sector.
The president announced his plan in front of the Port of Miami Tunnel project. It was one of the most high-profile partnerships during his presidency. Here are additional details:
- It closed in the midst of the crisis, after being stalled for years.
There was a whole lot more also to the American Society of Civil Engineers acknowledging the value of freight rail partnerships. Most noteworthy was Warren Buffet's acquisition of the Burlington Northern Santa Fe.
He created a new investment class -- to categorize it -- in his annual letter to shareholders a few years back. The idea was that investors and citizenry enter into a "social compact" when pursuing public-private-partnerships together.
More on the public-private-partnership-driven growth the president is spearheading when he announces the budget. We should expect some type of infrastructure fund or bank.