It is nice, encouraging, and inspiring when there are initiatives that receive broad-ranging support, and which are championed by Democrats, Independents, Republicans, liberals, and conservatives.
Willwork, Inc. Exhibit & Event Services gives a call out to one of those initiatives: Infrastructure Week – actually, more specifically, the 6th Annual Infrastructure Week – which is ongoing and upon us, with this year’s edition running from May 14-21.
Infrastructure Week is the baby and brainchild of the nonprofit organization of the same name.
Here is a descriptor of Infrastructure Week from the organization’s website:
“Infrastructure Week, a non-profit organization, convenes a national week of education and advocacy that brings together American businesses, workers, elected leaders, and everyday citizens around one message in 2018: Americans are waiting. The future won’t. It’s #TimeToBuild. Each year during IWeek, leaders and citizens around America highlight the state of our nation’s infrastructure – roads, bridges, rail, ports, airports, water and sewer systems, the energy grid, telecoms, and more – and the projects, technologies, and policies necessary to make America competitive, prosperous, and safe.
“Our bipartisan Steering Committee and nearly 400 affiliates host events, drive media attention, and educate stakeholders and policymakers on the critical importance of infrastructure to America’s economic competitiveness, security, job creation, and in the daily lives of every American. As a business, union, non-profit, government, or an individual who depends on infrastructure, you have an important story to tell. Find a way to participate and tell your fellow citizens and policymakers: We’re tired of waiting. It’s Time to Build.”
And here is some language taken from the FAQ section of the Infrastructure Week website: “Infrastructure Week is non-partisan, is not affiliated with any political candidate, and does not take a position on any legislation or elections.”
Willwork, Inc. Exhibit & Event Services is a national leader in exhibition services and event project management. Fundamental and integral to our success is our deep reserve of highly skilled tradespeople. And, of course, we find tremendous merit in infrastructure-based development and construction, for it puts skilled tradespeople to work.
It is important to remember that while, in the U.S., the history of infrastructure building and maintenance and renovation is largely and vastly one of publicly financed projects, there have also been many infrastructure projects financed through public-private partnerships, also called P3s or PPPs.
Actually, P3s are more popular as a financing mechanism in other countries than they are in the U.S., with the main reason being that America, as is the case with only a few nations worldwide, exempts the interest earned on local and state bonds from the taxes that Uncle Sam assesses. The U.S. bond market, as a result, is bigger and more advanced than in other countries, making exclusive public financing of infrastructure attractive.
Yet, states and the federal government are looking for new streams of financing, and there are more and more P3 projects in the U.S.
An example of a successful P3 is Florida’s I-595 Corridor Roadway Improvement Project a partnership between the Florida Department of Transportation (FDOT) and the private concessionaire I-595 Express, LLC. The project, approved in 2008, and commenced in 2009, involves design, building, financing, operation, and maintenance over a 35-year term – and to date has been coming in on time and on budget.
Smart, innovative, and strategic infrastructure investment is necessary for the overall strength of America.
Infrastructure Week advances a good and noble cause.