A Time for Renewal; Infrastructure  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 406 no. 8827 (Mar. 2013), page SS12-SS14.
Topik: Cities; Infrastructure; Repair & Maintenance; Mayors; Funding; Politics; Problems; Government Spending; Investors; Projects

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.76 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Everywhere Chicago mayor Rahm Emanuel looks, he sees the need for new or improved infrastructure. Over the next three years alone he plans to spend over $7 billion to start fixing all this. But finding the money has required some creativity. Cities like Chicago, with meagre investment budgets, generally rely on grants from the state and federal governments, along with municipal bonds, to pay for such improvements. However, the federal government's fiscal woes and the political impasse in Washington have been putting the squeeze on infrastructure funding. The current level of investment, even if Congress finds a way to maintain it, is utterly inadequate. With the city, state and federal governments all strapped for cash, Emmanuel has had to turn to other sources of revenue. One obvious step is to increase the charges to users of the city's infrastructure. Emanuel's solution is called the Chicago Infrastructure Trust (CIT). This will help pair investors with projects that will generate a revenue stream to be hypothecated to cover the cost of the original investment, plus a return. First on its list are some $100m-worth of energy-saving measures in city buildings. From the mayor's point of view this scheme has several advantages.

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