Plan to Modernize Our Infrastructure
In a recent US News study, only 14.6% of Connecticut residents said they were satisfied with the status of our infrastructure. Bob has been working with dozens of small business owners, private citizens and economic experts like Dr. Arthur Laffer to come up with a detailed plan on how to fix our economy as well as our crumbling roads and bridges. Some elements of this plan include:
Streamlining the approval process for major construction programs.
We need to ensure the integrity of our beautiful towns, rural areas and open spaces in Connecticut. But once decided, the administrative process for rebuilding and enhancing our roads, bridges, airports and tunnels needs to be faster. We need to cut the “red tape” that often delays critical infrastructure projects by 50% or more.
Spend money where it counts!
We need to cut the wasteful spending habits of Dan Malloy and the career politicians and reinvest money in our infrastructure to the benefit of everyone in this state. That is money that could re-directed to improve our crumbling infrastructure and benefit everyone in this state, rather than a select, few, privileged politicians.
Encourage Connecticut financial institutions to be part of the solution
We should encourage our local banks to consider financing more economic development in our state. Various programs such as the Community Investment Act and low-cost loans from the Federal Small Business Loan Program could provide an incentive for Connecticut based banks to support projects to improve our infrastructure. It will allow them to increase their business activity, create more local jobs for construction projects and improve the quality of life for all residents.
Investigate using public-private partnerships to help rebuild our crumbling infrastructure.
In a PPP, a government agency contracts with the private sector to rebuild an airport, transportation system or other critical assets. The private sector partner brings the technology, expertise and actual experience running a business that our career politicians desperately lack. The private partner funds part of the cost of construction, allowing us to improve the state’s transportation system without adding to our already massive budget deficit.
Other states have used this model to improve the quality of their infrastructure – faster, cheaper and better than the state government has any chance of doing. With the proper supervision and a business person experienced in negotiating these partnerships, PPP’s can be a very efficient way to rebuild our state. Bob has successfully worked on a wide variety of projects around the world and can bring that expertise to the governor’s office.
It will take all the tools at our disposal to repair years and years of neglect to our roads and bridges. But we have many assets to draw on and with the proper leadership, we can begin the process of rebuilding our state now!