7/21/2011

Private investment in public transportation projects would become more feasible through a U.S. infrastructure bank, said representatives from major investment firms during a Senate hearing. "The [infrastructure] bank would provide a project with a base of capital that could then attract ... outside private investment," said Robert Dove, managing director of global investment firm Carlye Group. President Barack Obama has requested that Congress set aside $5 billion a year over six years for an infrastructure bank.

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