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Kffici|kxod` Oda|kvx|yfxy|iOer|jqieidxv poxm Lixxi| Rylcof

Rjcofoiv xmkx Xkr R|oqkxi OdqivxeidxHjddk Fjjri|# Nioxm Eocci|# kdh Gjmd F|ko` Djqieli|

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Kffici|kxod` Oda|kvx|yfxy|iOer|jqieidxv poxm Lixxi|Rylcof Rjcofoiv xmkx Xkr R|oqkxiOdqivxeidx

Hjddk Fjjri|# Nioxm Eocci|# kdh Gjmd F|ko` Djqieli|

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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Fjdxidxv ; Odx|jhyfxojd kdh vyeek|

6 Xmi diih aj| r|oqkxi odqivxeidx

9 Xmi vxkxi ja r|oqkxi odqjcqieidx od oda|kvx|yfxy|i

kdh pmkx diihv xj fmkd`i

9 Aihi|kc xjccod` rjcof

0 K dkxojdkc oda|kvx|yfxy|i lkdn

;2 Oda|kvx|yfxy|i ljdhv

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;1 Idvy|od` xmkx r|oqkxi odqivxeidx lidiaoxv iqi|jdi

;= Fjdfcyvojd

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; Fidxi| j| Kei|ofkd R|j`|ivv s Kffici|kxod` Od|kvx|yfxy|i Oer|jqieidxv poxm Lixxi| Rylcof Rjcofoiv xmkx Xkr R|oqkxi Odq

Odx|jhyfxojd kdh vyeek|

R|ivohid Lk|kfn Jlkekv |i%icifojd pkv pohic qoipih kv k |ii|idhye jd mi

ovvyiv mi mkv fmkerojdih od mov |v i|e# kdh mk fi|kodc odfcyhiv |ilyochod`

jy| dkojdv od|kv|yfy|i$ Jd mi fkerko`d |koc# mi r|ivohid |irikihc fkccih

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K`mkdovkd kdh O|k{# kvnod` j| mjvi ydhv j vyrrj| dkojd lyochod` |o`m mi|i

k mjei$; Jdc jdi piin lij|i mi icifojd# mi ckoh jy mov ci`ovckoqi k`idhk j|

k vifjdh i|e7 khh|ivvod` mi ihi|kc hifo |v# mid ejqod` jd j od|kv|yfy|i

oer|jqieid kdh oeeo`|kojd |ij|e$

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< Fidxi| j| Kei|ofkd R|j`|ivv s Kffici|kxod` Od|kvx|yfxy|i Oer|jqieidxv poxm Lixxi| Rylcof Rjcofoiv xmkx Xkr R|oqkxi Odq

Aodkdfod` kdh Oddjqkojd Kf r|j`|ke j |kdvj|e ihi|kc |kdvrj|kojd

Odqiveid @idi|kod` Ifjdjeof \ifjqi| `|kdv odj ihi|kc f|iho vylvo%

hoiv mk vyrrj| cjkdv pj|m ;2 oeiv mi j|o`odkc `|kd kejydly eyfm

ej|i |iekodv j li hjdi$

J fjy|vi# eimjhv j voeyckod` ej|i r|oqki odqiveid pocc dj jlqoki midiih j| khhoojdkc rylcof vridhod`$ O ov fcik|# j| i}kerci# mk jdc vrifof

nodhv j r|jgifv k|i vyoih j| r|oqki odqiveid$ Xivi k|i r|oek|oc mjvi mk

odqjcqi mi fjdv|yfojd j dip kfocooiv mk pocc li mikqoc yvih kdh j| pmofm

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ifv k|i kcvj `idi|kcc ejv keidklci j jccod` j| ii fjccifojd vyfm kv mo`mpk

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kih# odfcyhod` k rj|v kdh ko|rj|v$ Diqi|micivv# khhoojdkc r|oqki odqiveid

od qoklci dkdfiklci r|jgifv fkd |ii yr vo`dofkd |ivjy|fiv j| f|oofkc rylcof

ydhi|knod`v$

Aj| mi r|ivohid j kffjercovm mov od|kv|yfy|i v|ki` `jkcv# khhoojdkc

|ij|ev mk ejlocowi ej|i r|oqki odqiveid od od|kv|yfy|i k|i difivvk|$

R|oqki odqivj|v kc|ikh ydh k vylvkdokc ri|fidk`i j od|kv|yfy|i r|jgifv

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r|oqki odqiveid$ Od mov |irj| pi r|jrjvi k dyeli| j fjeejd%vidvi |ij|ev

j micr kfmoiqi mov `jkc# odfcyhod`7

Aycc ydfkrrod` kdh vkdhk|howod` ihi|kc |yciv mk `oqi vkiv jccod` kymj|o Ivklcovmod` k dkojdkc od|kv|yfy|i lkdn Od|jhyfod` Kei|ofkd Od|kv|yfy|i Ljdhv pom k ho|if ihi|kc vylvoh \idipod` mi ;029 cjkd r|j`|ke kdh i}idhod` mi r|jhyfojd kdh odqiv%

eid k} f|ihov j| k cikv ;2 ik|v

L khjrod` jy| |ifjeeidhkojdv# mi Fidi| j| Kei|ofkd R|j`|ivv ivoekiv

mk mi Ydoih Vkiv fjych ciqi|k`i yr j (12 loccojd od khhoojdkc r|oqki odqiv%

eid od dip od|kv|yfy|i r|jgifv kddykcc$1 Ly lij|i i}rckodod` mi hikocv j

mjvi |ifjeeidhkojdv# pi eyv |v hovfyvv pm r|oqki odqiveid ov f|oofkc j

oer|jqod` mi fjyd|v od|kv|yfy|i$

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Xmi diih aj| r|oqkxi odqivxeidx

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Xi Ydoih Vkiv mkv ydhi|odqivih od ov fj|i od|kv|yfy|i j| hifkhiv$

Rjcofekni|v mkqi |irikihc di`cifih mi diihv j jy| |jkhv# hkev# ciqiiv#

kdh rj|v# kv picc kv jy| h|odnod`%pki| vviev# pkvipki|%|ikeid kfoco%

oiv# |koc|jkhv# kdh odckdh pki|pkv$ Xi kf j mi ekxi| ov mk mivi f|oofkc

v|yfy|ivpomjy pmofm mi Y$V$ ifjdje pjych fikvi j ydfojd|i{yo|i

loccojdv j hjcck|v j ekodkod kdh |iy|lovm$ Xi Ydoih Vkiv Fmkeli| j

Fjeei|fi ivoekiv mk kv eyfm kv (; |occojd od ifjdjeof `|jpm ov j|`jdi

kddykcc lifkyvi mi vkyv {yj krr|jkfm j od|kv|yfy|i |idipkc od Kei|ofkvoerc hjiv dj pj|n picc idjy`m$0

Ly |ivovkdfi j odf|ikvih yvi| iiv kdh mi \irylcofkd ryvm j| vekcci| `jqi|deid#

kcjd` pom mi dky|kc rjcoofkc odvodf j rkvv mi ly|hid j yrniir jd j mi di}

kheodov|kojd# mkqi |ivycih od ydhod` ciqicv mk k|i odvyfoid j iqid fjqi| lkvof

|irko|v$ K |ifid Fidi| j| Kei|ofkd R|j`|ivv kdkcvov ivoekiv mk mi od|kv|yf%

y|i ydhod` `kr fy||idc kfih l mi Ydoih Vkivmi hoi|idfi lipiid pmk

mi jqi|deid kdh r|oqki vifj| diihv j li vridhod` kdh pmk ov kfykcc vrid

djp vkdhv k ej|i mkd (;

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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Ivoekiv j i}kfc mjp eyfm r|oqki fkrokc ov kqkocklci j| od|kv|yfy|i r|jg%

ifv pj|chpohi |kd`i |je (;?2 loccojd j (122 loccojd# pom j|ei| Vif|ik|

j |kdvrj|kojd Ek| Rii|v rckfod` mi `y|i k krr|j}oekic (822 loccojd$?

Pmoci o ov ydconic mk mi ido|i j mov ydhod` pocc `j j mi Ydoih Vkiv#

kd vowklci rj|ojd j mov kqkocklci fkrokc pjych |ir|ivid k vylvkdokc odf|ikvi

od Y$V$ od|kv|yfy|i odqiveid$

Vyfm ohikv k|i dj dip kdh mkqi od kf liid oercieidih jd ck|`i| vfkciv kl|jkh

j| hifkhiv$ Xi L|jjnod`v Odvoyojd jydh lipiid ;??2 kdh

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Xmi vxkxi ja r|oqkxi odqjcqieidx od

oda|kvx|yfxy|i kdh pmkx diihv xj fmkd`i

Xov vifojd jfyviv jd mi jccjpod` jy| vrifof k|ikv j ihi|kc rjcof mk fkd

oer|jqi ij|v j r|jeji r|oqki odqiveid od od|kv|yfy|i7

Aihi|kc jccod` rjcofK dkojdkc od|kv|yfy|i lkdn Od|kv|yfy|i ljdhv Fcikd idi|` cjkd%`yk|kdii r|j`|kev kdh k} f|ihov

Pomjy khhoojdkc |iqidyiv# kd oday} j r|oqki fkrokc j dkdfi od|kv|yfy|i

r|jgifv ov dj conic j eki|okcowi$ Aj| ikfm rk|ofyck| k|ik# pi k|`yi pm mi

vkyv {yj ov kocod` j `idi|ki mi difivvk| r|oqki odqiveid kdh hikoc mi ni

virv j }od` mk r|jlcie$

Aihi|kc xjccod` rjcof

Xmi vxkxyv {yj

Pi li`od l jfyvod` jd ihi|kc jccod` rjcof lifkyvi |ij|eod` mivi rjcofoiv

fkd khh k vo`dofkd dip |iqidyi vjy|fi j mi eo}$ jccod` |jkhv kdh l|oh`iv ov

dj k fjer|imidvoqi v|ki` j| fcjvod` jy| od|kv|yfy|i%ydhod` `kr# ly o

|ir|ividv kd oerj|kd kdh djp%i}rkdhih eifmkdove j| idklcod` khhoojdkc

rylcof kdh r|oqki odqiveid lifkyvi o r|jqohiv vkiv pom k hivo`dkih kdh

|ickoqic r|ihofklci |iqidyi v|ike j dkdfi od|kv|yfy|i r|jgifv$

Xo| vkiv kdh Ryi|j \ofj fy||idc iercj vjei j|e j k jccod` vvie jd|jkhv# l|oh`iv# j| yddicv$;6 Od

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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j k Aihi|kc Mo`mpk Kheodov|kojd |irj|$;8 Od jmi| pj|hv# pmoci jccv kffjyd

j| jdc k coeoih ri|fidk`i j mi jkc ydhv yvih j jri|ki kdh ekodkod

|jkhpkv# mi k|i jdi j mi ip vyffivvyc eifmkdovev liod` yvih l vkiv

kdh cjfkcooiv j rk j| mi fjdv|yfojd kdh fjer|imidvoqi jqi|mkyc j ekgj|

|jkhpkv$ Kv k |ivyc j ihi|kc coeokojdv jd mi kloco j jcc dip |jkhv kdh kd

ydpoccod`divv j |kovi `kv k}iv j| jmi| iiv# ydhod` j| |kdvrj|kojd oer|jqi%eidv mkv dj nir yr pom mi diihv j mi vvie$

Od

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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mi Vifojd ;

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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Ay|mi|# hivroi mi vo`dofkd kxidojd rkoh j rylcof%r|oqki rk|di|vmorv

m|jy`mjy rjcofeknod` fo|fciv fjerk|koqic coxci r|j`|ivv mkv liid ekhi od

ohidood` ikvolci kdh r|jklci |kdvrj|kojd od|kv|yfy|i r|jgifv$ Kcmjy`m

66 vkiv mkqi kc|ikh rkvvih ci`ovckojd i}r|ivvc koeih k idfjy|k`od` vyfm rk|%

di|vmorv#;= ip r|jgifv mkqi kfykcc `jxid j mi `|jydh$;? K ni kfj| ov mi

klvidfi j k hihofkih |iqidyi v|ike pomjy pmofm ejv |kdvrj|kojd r|jg%ifv |iekod dkdfokcc ydvyoklci j| r|oqki odqivj|v$ Ly mi hik|m j rylcof%

r|oqki rk|di|vmorv ov kcvj hyi j mi klvidfi j vkdhk|howih v|yfy|iv# ei|ofv#

kdh r|jjfjcv mk fkd {yofnc ohido qoklci |kdvrj|kojd r|jgifv pmi|i

r|oqki dkdfod` ekniv vidvi kdh pmi|i mi|i ov k r|ihofklci |iqidyi v|ike$

Jd mi rjvooqi vohi# pmid o fjeiv j rylcof vyrrj| j| mi j|ekojd j rylcof%

r|oqki odqiveid rk|di|vmorv kdh dkdfih od|kv|yfy|i oer|jqieidv# mi

Ejqod` Kmikh j| R|j`|ivv od mi

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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K |ifid od|kv|yfy|i lkdn locc r|jrjvih l Vidv$ Gjmd Ni|| -H%EK/# Nk

Lkoci Myfmovjd -\%]/# Ek|n Pk|di| -H%QK/# kdh Codhvi @|kmke -\%VF/

fy||idc od mi Vidki Aodkdfi Fjeeoxii#

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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Oda|kvx|yfxy|i ljdhv

Xmi vxkxyv {yj7 Xk}%i}ierx ljdhv

Kejd` mi r|oek| eifmkdovev yvih j ciqi|k i r|oqki odqiveid kdh ydhcjfkc od|kv|yfy|i r|jgifv ov mi vkci j eydoforkc ljdhv$ X|jy`m mivi ljdhv#

`jqi|deidv lj||jp ydhv |je r|oqki odqivj|v j ydhi|kni od|kv|yfy|i

r|jgifv# pmoci mi ljdh ry|fmkvi|v ik|d odi|iv k k r|ihii|eodih |ki jd kd

i}|ieic cjp%|ovn odqiveid$ Xov ik|dih odi|iv ov i}ier |je ihi|kc# vki#

kdh cjfkc k}kojd# pmofm ov mi |ikvjd mk rylcof ovvyi|v fkd ek|ni mi ljdhv k

cjpi| |kiv mkd mjvi ljdhv jydh od mi k}klci vify|o ek|ni$ Xov r|ii|id%

okc k} |ikeid ov kejd` mi r|oek| |ikvjdv mk vki kdh cjfkc `jqi|deidv

pi|i klci j ovvyi (

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cikqiv jmi| rjidokc odqivj|vkejd` mie ridvojd ydhv kdh odi|dkojdkc

odqivj|vck|`ic ydodi|ivih od ry|fmkvod` eydoforkc ljdhv$

K vo`dofkd rj|ojd j mi ihi|kc vylvoh ov ycoekic hoqi|ih j pikcm

odqivj|v6;eikdod` mk vki kdh cjfkc `jqi|deidv hjd lidi kv eyfm

|je mi vylvoh kv mi jmi|povi eo`m$

Xov hoqi|vojd jffy|v lifkyvi od viinod` j kx|kf k vyfoid dyeli| j ljdh

lyi|v# vkiv idh yr ivvidokcc jqi|rkod` pikcmoi| odqivj|v pom odi|iv |kiv

hivo`dih j kx|kf odqivj|v od cjpi| k} l|kfniv$ K eydoforkc ljdh odqivj| od

k cjpi| odfjei l|kfni vkqiv ;9 ri|fid j mi odi|iv mi pjych mkqi jpih jd

mio| k}iv o mi odqiveid pi|i dj k}%i}ier# ly mo`mi|%odfjei odqivj|v

ek vkqi yr j 69 ri|fid lifkyvi j mio| mo`mi| ek|`odkc k} |ki$

Xi Hirk|eid j mi |ikvy| ivoekiv mk lipiid ;2 ri|fid kdh

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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fiocod` ov od khhoojd j ikfm vkiv kddykc r|oqki%kfoqo ljdh coeokojd ydhi|

fy||id ckp$

Aodkcc# vjei r|jgifv ydhih pom mivi ljdhv k|i dj vylgif j mi ihi|kc j|

vki qjcyei fkrvvyfm kv ko|rj|v# vikrj|v# kdh `jqi|deid%jpdih# mo`m%

vriih |koc r|jgifv$60

Vkiv kdh cjfkcooiv od mi Ydoih Vkiv ovvyih (;

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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Xi Kei|ofkd \ifjqi| kdh \iodqiveid Kf j

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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Od kf# mi Kei|ofkd \ifjqi| kdh \iodqiveid Kf j

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

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Fkvi od rjod7 Xi Hirk|eid j Idi|`v ;026 kdh ;029 r|j`|kev# pmofm

k|i mi ejv oerj|kd cjkd%`yk|kdii r|j`|kev j| r|oqki odqiveid od mi

|idipklci idi|` vifj|$ Xi ;026 r|j`|ke pkv f|ikih od

7/30/2019 Accelerating Infrastructure Improvements with Better Public Policies that Tap Private Investment

19/26

jkc qkcyi j `|kdv fckoeih od coiy j f|ihov pkv (8$< loccojd$1; Od khhoojd j mi

ivoekih 12#222 gjlv f|ikih# mivi ihi|kc cjkd r|j`|kev mkqi cih j k podh k|e

kdh fjdfid|kih vjck| rjpi| rckd mk k|i kejd` mi ck|`iv od mi pj|ch# kv picc

kv mi |v pj ido|ic icif|of%fk| ekdykfy|od` rckdv od mi Ydoih Vkiv$1 kdh od|kvx|yfxy|i hilx xmkx ek mkqiliid ovvyih qok idi|kc jlco`kxojd ljdhv$ Fjjri|#Eiixod` xmi Od|kvx|yfxy|i Oeri|kxoqi$

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Xmi Fidxi| aj| Kei|ofkd R|j`|ivv ov k djdrk|xovkd |ivik|fm kdh ihyfkxojdkc odvxoxyxi

hihofkxih xj r|jejxod` k vx|jd`# gyvx# kdh a|ii Kei|ofk xmkx idvy|iv jrrj|xydox

aj| kcc$ Pi licoiqi xmkx Kei|ofkdv k|i ljydh xj`ixmi| l k fjeejd fjeeoxeidx xj

xmivi qkcyiv kdh pi kvro|i xj idvy|i xmkx jy| dkxojdkc rjcofoiv |iacifx xmivi qkcyiv$

Pi pj|n xj aodh r|j`|ivvoqi kdh r|k`ekxof vjcyxojdv xj vo`doaofkdx hjeivxof kdh

odxi|dkxojdkc r|jlciev kdh hiqicjr rjcof r|jrjvkcv xmkx ajvxi| k `jqi|deidx xmkx

ov ja xmi rijrci# l xmi rijrci# kdh aj| xmi rijrci$