Reauthorization of the Transportation Equity Act of the 21st Century (Tea-21) : Hearings Before the Subcommittee On Housing And Transportation of the Committee On Banking, Housing, And Urban Affairs, United States Senate, One Hundred Seventh Congress, Sec

Cover Reauthorization of the Transportation Equity Act of the 21st Century (Tea-21) : Hearings Before the Subcommittee On Housing And Transportation of the Committee On Banking, Housing, And Urban Affairs, United States Senate, One Hundred Seventh Congress, Sec
Reauthorization of the Transportation Equity Act of the 21st Century (Tea-21) : Hearings Before the Subcommittee On Housing And Transportation of the Committee On Banking, Housing, And Urban Affairs, United States Senate, One Hundred Seventh Congress, Sec
United States. Congress. Senate. Committee On Banking, Housing, And Urban Affairs. Subcommittee On Housing And Transportation
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Specifically, we are working with the FTA, Admin- istrator Dom, and the Congress to obtain a fiill fimding grant agreement to fund less than 15 percent of the costs of the combined system. And we are working with the U.S. DOT to secure a TIFIA loan to leverage the new private sector resources we are attracting for the extensions. This will permit us to build the extensions with huge time and cost savings, by utiUzing our already mobiUzed construction forces and reserved vehicle manufacturing ca...pacity, among other things. We are truly ex- cited about the transportation benefits this public-private partnership is bringing to Clark County, one of the Nation's fastest growing regions.
Over the course of our work, we have been confronted with a number of important disincentives to attracting private capital, innovation, and initiative to msgor rail transit. We believe o\ir experiences are instructive on how Congress can act to facili- tate, rather than inhibit, more successful public-private partnerships in surface transportation.


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