Letter: Leverage private money for roads
As chairman of the State Senate's Transportation Committee, I agree with Newsday that New York's infrastructure is in desperate need of repair ["Infrastructure bank can help repair New York," Editorial, April 15].
A national infrastructure bank would certainly help leverage public dollars with private investment. New York State should also take advantage of private-sector capital and creativity on its own by expanding the use of public-private partnerships.
Our transportation infrastructure needs a $175-billion investment over the next 20 years, according to the state comptroller's office. Public-private partnerships could help give the state access to new capital to make this investment.