Infrastructure Partner Geoff Yarema Quoted in InfraAmericas
Nossaman Infrastructure Practice Group Partner and Co-Founder Geoff Yarema was quoted in the InfraAmericas article Chao Clarifies Trump's Infrastructure Plan. The article examines Secretary Chao’s recent testimony before the Senates Committee on Environment and Public Works. In her testimony, she said that President Trump’s plan would address infrastructure needs in the transportation, energy and water sectors and that public-private partnerships will be one of many financing options that the administration would explore. Commenting on her testimony, Mr. Yarema said "I think the Secretary is on the right track. She's helping to explain to key policy makers that P3s can mean more than toll road concessions." He added that he believes Secretary Chao sought to make clear to the committee that all states can benefit from alternative delivery. "It is not the location of the project that's determinative in a VFM analysis, but the availability of economies of scale and opportunities for private sector innovation and efficiency…It is not whether a project can be tolled, but the potential for a federal/state/local/private funding and financing partnership to drive better taxpayer value than conventional approaches.