Growing US infrastructure deficit necessitates a new paradigm
Fitch Ratings, one of the three ‘Big Three’ credit rating agencies, has announced that any US government plan for renewing and advancing essential infrastructure requires a new paradigm to adequately address the infrastructure funding deficit.
Fitch Ratings observes that ‘While a source of adequate and sustainable funding is a critical component, a results-oriented, objective and strategic approach to investment, along with responsible stewardship of the public purse, are paramount. Increased spending without a strategic, comprehensive approach to infrastructure investment based on national priorities will not go far in addressing the continued deterioration of critical economic assets.’
Private capital could provide a link between critical priorities to available resources, providing a sustainable source of funding.GIIA Fitch Ratings Summary