America's transportation and infrastructure policies affect literally everyone who moves from place to place in the country, but often they are under-discussed and over-simplified by the mainstream media. To help broaden the debate, Streetsblog Capitol Hill is kicking off a new Q&A series called "The Four Questions."
The goal is simple: Every week, a different person will weigh in on the same four queries about the future of the nation's built environment. The questions will remain the same, in order to provoke a thoughtful exchange of views on the biggest challenges facing transportation policymakers -- but the range of participants will be limitless.
Our guest for the inaugural Four Questions is Robert Puentes, a senior fellow at the Brookings Institution's Metropolitan Policy Program (MPP) and a prolific analyst of growth and development issues. (Check out more from the MPP at its blog, The Avenue.)
Any suggestions for future participants in The Four Questions? Let us know in the comments.
1. Transportation planning -- the evaluation and construction of transit, road, and bridge projects -- is often considered primarily a state and local issue. What specific type of role should the federal government should have in the mix?
We've actually proposed a three-pronged strategy for our national transportation program.
First, the federal government should lead in those areas where there are clear demands for national uniformity, or else to match the scale and geographic reach of certain problems. We must define, design, and embrace a new, unified vision for transportation policy. Its focus should be on infrastructure investments that support the competitiveness and environmental sustainability of the nation rather than on funding individual states or spending on singular needs.
The federal government should create a National Infrastructure Bank (NIB) able to select and finance large, multi-modal and multi-jurisdictional infrastructure projects on a merit basis. The NIB would be the window through which states, groups of states, and metropolitan areas would request financing or grants for a range of infrastructure projects -- from road and rails to ports and pipes. The federal government would provide initial capital that NIB would use to issue bonds. The Treasury would pay the interest on the bonds and it would act as a lender of last resort for the principal of the NIB loans. The proceeds from the bonds would be used to finance major projects proposed by public entities (states, municipalities, agencies).
Yet while there are clearly areas of physical infrastructure development where the federal government needs to lead, Washington also needs to put itself squarely in the service of state, local, and business leaders whose knack for solving problems has always driven this country forward.
Continue...