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Fitch Ratings urges new infrastructure investment model

Fitch Ratings urges new infrastructure investment model

Transportation Today

The credit rating agency Fitch Ratings maintains government plans to renew and advance the nation’s infrastructure should begin with a new model.

A results-oriented, objective and strategic approach to investment, along with responsible stewardship of the public purse, are paramount, according to Fitch Ratings officials. Increased spending without a strategic, comprehensive approach to infrastructure investment based on national priorities will not go far in addressing the continued deterioration of critical economic assets.

The effort to address infrastructure needs requires a significant increase in yearly new investment, per the Fitch Ratings assessment – which notes prior government funding proposals have not been as robust as needed, suggesting up to $200 billion in new investment annually... FULL ARTICLE

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