Republican leaders on the House Transportation Committee said Tuesday that they intend to reauthorize a rail bill this year and want the legislation to take into consideration innovative financing methods such as public-private partnerships and federal loans.

“We all need to be creative in ways to stretch federal dollars and work with our partners in the states, with communities and with the private sector,” Jeff Denham, chairman of the Transportation and Infrastructure committee’s subcommittee on railroads, pipelines and hazardous materials, said during a hearing.

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