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Kirk: Public-Private Partnerships Needed for Capital Projects
(IRN) -- Roads, rail and airports would benefit from a public-private partnership, says U.S. Sen. Mark Kirk (R-Ill.).

Kirk is proposing legislation that would encourage privatization to create more money for transportation projects. He estimates the plan could spur more than $100 billion to build new highways, railroads, public transportation, airports and ports.

The junior senator says the proposal would remove federal restrictions on so-called private-public partnerships. One example, he says, is the money states could earn if they leased out their highway rest stops, as long as parking and restrooms remained free.

Kirk's Democratic counterpart, U.S. Sen. Dick Durbin (D-Ill.), recently introduced legislation that would put a close eye on privatization projects. Durbin wants federal money used for transportation projects returned to the government if such assets are sold or leased to a private company.

(Illinois Radio Network)
06 21 11 by Newsroom
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