Finding ways to finance the reconstruction of America’s bridges

In Politics by Michael Rae

I was pleased to learn several months ago that public opinion in the Mobile, Alabama, area had somewhat turned in favor of constructing a tolled bridge to replace the current obsolescent bridge across the Mobile River.

Several years ago, the Alabama Department of Transportation (ALDOT) had come up with a $2.1 billion project to procure the ambitious project (which includes refurbishing a related causeway and other features) as a revenue-risk public-private partnership (P3) and had already been approved for a $125 million Infrastructure for Rebuilding America (INFRA) grant for the project. When elected officials and much of the public heard