CHICAGO – The newly expanded Transportation Infrastructure Finance and Innovation Act program and the ability to tap the tax-exempt market through private activity bonds are two of the most powerful tools available to governments eyeing public-private transportation projects, said panelists here at The Bond Buyer’s annual transportation and P3 conference.

For states, the financing tools can provide badly needed dollars to offset declines in traditional transportation funding.  For yield-hungry investors, the P3 transportation space over the past year has generated some of the best returns in the tax-exempt market, participants said. 

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