The Nebraska Department of Transportation, through the passage of the bill sponsored by Sen. Lynne Walz, would soon be able to enter into public-private partnerships if the bill passes a final vote in the state Senate.
Citing Sen. Walz, Land Line Now reported:
“Walz has said the highway department needs more tools to speed that process, including a mechanism for a private partner to finance a project and for the state to make payments over time. “We are a pay-as-you-go state, which seems like the fiscally responsible thing to do, but as we continue to see inflation, wages and supply costs increase, we may not have the financial resources to continue down that path for every project,” Walz said in a news release. She added that her bill would authorize the department to enter into public-private contracts to allow for the creation of safer bridges and highways, quicker project completion timelines, and economic development.”