Infrastructure and Transportation

NAIOP supports increased funding and investment of our nation’s infrastructure and transportation systems. This includes the expanded use of public-private partnerships, continued federal funding for maintenance and repair, and a more effective, transparent, and streamlined regulatory environment for major infrastructure projects.

Download NAIOP's position on Infrastructure and Transportation. 

The
Issue

  • The availability of modern and efficient infrastructure systems is a major factor in real estate development and investment decisions. The success of commercial real estate projects is largely dependent on access to quality roads, ports, rail and other infrastructure systems.
  • Strategic, long-term investments in infrastructure systems lead to increased opportunities for commercial real estate development and result in stronger job creation and economic growth for our communities. Funding criteria for project selection should be transparent and consistently applied.
  • Direct federal investment, particularly for projects of national importance, is needed. Priority should be given to major infrastructure projects that have economic impact beyond their localities and affect all or major regions of the country.
  • Public sector investment policies should be based on revenue sources that are predictable, reliable and sustainable to ensure that needed maintenance and repair of existing infrastructure occurs on a timely basis.
  • New and innovative ways to fund infrastructure development should be pursued. These include policies that increase the participation and contributions of the private sector, such as increased flexibility for and increased use of P3s.
  • Expansion of ports and increased freight rail capacity are needed to relieve congestion. The federal government should work with states to develop strategies that encourage development of warehouses and other distribution facilities along trade corridors to meet future growth demands.
  • Regulatory obstacles that unnecessarily deter investment in infrastructure projects should be eliminated. Permitting and approval processes should be streamlined to improve project delivery times and reduce costs.
  • States and localities should be afforded greater flexibility over the approval process for projects that have a federal-funding component.

Status

In 2018, the Trump administration floated a plan that aimed to spend roughly $200 billion in federal funds and generate $1.5 trillion in spending by state and local governments and private investors for transportation, energy, water and other infrastructure projects. That plan was not supported in either the Senate or House of Representatives.

Instead, lawmakers passed funding for particular projects as part of the overall spending bill for Fiscal Year 2019. For example, Congress tripled spending on the “Transportation Investment Generating Economic Recovery” (TIGER) program, from $500 million to $1.5 billion.

Democrats in Congress have called for more direct spending on infrastructure, and will have the opportunity to pass such spending bills as they control the House of Representatives.

NAIOP
Viewpoint

NAIOP supports increased funding and investment of our nation’s infrastructure and transportation systems. This includes the expanded use of public-private partnerships, continued federal funding for maintenance and repair, and a more effective, transparent, and streamlined regulatory environment for major infrastructure projects.

Talking
Points

  • The United States ranks below major industrialized countries in the quality of its infrastructure. Increased investment in infrastructure systems is needed to maintain our long-term economic competitiveness.
  • Increased private sector participation in the financing of major infrastructure projects,
    including expanded use of public- private partnerships (P3s), would provide new and flexible funding sources to offset the cost of these investments to the taxpayer.
  • Efforts to streamline regulatory and administrative approvals for major infrastructure projects must be continued in order to reduce costs and speed project completion.
  • States should have greater regulatory and administrative flexibility over local infrastructure projects that receive federal funding.

Resources

Contact

Aquiles Suarez
Vice President for Government Affairs
703-904-7100, ext. 115