Caitlin Devitt

Municipal market expert Richard Ciccarone has developed an accounting-based method for evaluating the cost of cities' "spent" infrastructure and how it fits into municipal credit analysis.

"We're not locking ourselves into one or two or three ways to do this program," said California High Speed Rail Authority CEO Ian Choudri.

Map of proposed Las Vegas to suburban Los Angeles route of Brightline West bullet train. A $6 billion federal railroad loan is considered critical to the project's viability.

The surface transportation bill unveiled Sunday would dial back the number of discretionary grant programs in the current law, said Marc Scribner, a senior transportation policy analyst at Reason Foundation.

"Not every project is going to be a P3 project, but we're going to look at it," said Justin Powell, South Carolina's transportation secretary.

"It has been a long journey to get to this point," said Ranking Member Rep. Rick Larsen, D-Wash., during a markup of a five-year, $580 billion surface transportation bill.

North Carolina Department of Transportation North Carolina's long-planned and largest transportation project to date, a public-private

"America deserves the same world-class high-speed rail system that other countries across the globe have had now for decades," said Rep.

Reason's latest transportation finance report lays out barriers to U.S. pension funds investing in infrastructure and the P3 pipeline.

The California High Speed Rail Authority in May has completed the Ventura Street underpass grade separation project, a mile from the future Fresno Station site.