Would an Infrastructure Bank Have the Power to Reform Transportation?

“Not every project of regional and national significance is going to generate a return that justifies a financially rational loan for the bank to make,” says Scott Thomasson, an expert in infrastructure finance from the Progressive Policy Institute. “There are projects that are worth doing as a nation where the benefits aren’t going to be repaid financially. They’re going to be enjoyed in other forms” like improving public health, easing traffic congestion, or reducing emissions.
Thomasson worries that a narrowly structured bank, following a traditional bank model, won’t address compelling projects that can’t capture user fees or other financing streams.

- from STREETSBLOG.