DOT, Treasury Department to Host Infrastructure Investment Summit
The secretaries of transportation and the treasury are scheduled to address business leaders and financiers Sept. 9 in Washington to encourage them to invest in state and local infrastructure projects.
The daylong summit is part of President Obama’s recent initiative aimed at drawing private-sector funding for transportation programs.
After keynote remarks by Treasury Secretary Jacob Lew, panel discussions will be moderated by Transportation Secretary Anthony Foxx, Deputy Treasury Secretary Sarah Bloom Raskin, and White House National Economic Council Director Jeffrey Zients.
In July, speaking at the Port of Wilmington in Delaware, Obama announced that the Treasury Department would host the summit as part of a broader effort to facilitate access to private capital for large-scale government projects and technical assistance for managing public-private partnerships, or P3s.
As part of the initiative, Lew and Foxx will lead an inter-agency group that will collaborate with state and local leaders, project developers and investors to find ways to develop partnerships in projects involving municipal water, ports, harbors, broadband and the electrical grid.
“Wherever, whenever I have a chance to help families like yours, I’m going to do it,” Obama said in July.
