On September 9, 2014, the Treasury Department hosted an infrastructure investment summit to discuss opportunities for private investment in public infrastructure.
This Summit, attended by a broad cross section of public and private sector leaders, is part of the "Build America Investment Initiative" announced by President Obama in July. This federal government-wide initiative aims to increase infrastructure investment through engagement with state and local governments and private sector investors to encourage collaboration, expand the market for public-private partnerships (P3) and put federal credit programs to greater use. The Summit was co-hosted by Secretary Foxx and US Secretary of the Treasury Jack Lew.
"This Summit is an important step towards addressing the country’s pressing infrastructure needs," noted Rodney Slater, former US Secretary of Transportation and now a Squire Patton Boggs lawyer based in our Washington DC office. "Private sector participation is a vital part of solution. As the recently closed I-4 Ultimate Project in Florida shows, great things can be achieved when the public and private sectors work together."