Congress should direct the Transportation Department and industry to develop criteria to identify and protect national interests in future public-private partnership deals that states and localities enter into to build public highways, the Government Accountability Office said in a report.

“In developing these criteria, the [transportation] secretary should identify any additional legal authority, guidance, or assessment tools required, as appropriate and needed, to ensure national public interests are protected in future highway public-private partnerships,” said the report, which was released late Friday. “The criteria should be crafted to allow the department to play a targeted role in ensuring that national interests are considered in highway public-private partnerships, as appropriate.”

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.