The Department of Transportation will develop criteria to protect the national interests for future public-private partnership deals entered into by states and localities to finance improvements to the nation's highway network, Transportation Secretary Mary Peters told a House panel yesterday.

"We will go ahead and start working on that and consult with you," Peters said to members of the House Transportation and Infrastructure Committee at a hearing on rewriting the current transportation funding law, which expires Sept. 30, 2009.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.