WASHINGTON — Transportation Secretary Sean Duffy advised a brand new group of advisors that he desires to rely extra on American buyers to take care of and increase the nation’s transportation infrastructure.
“What we see in a variety of our initiatives is a chance for personal capital,” Duffy mentioned through the first assembly of the DOT Advisory Board, held on the White Home on Wednesday.
“But it surely’s irritating as a result of there’s a variety of international personal capital, and it looks like fairly good returns that they’re making on American infrastructure. It will be nice if we might get [more] American personal capital into American infrastructure and see these returns go to American buyers.”
Duffy advised the 12 board members that it’s additionally “essential for our group to consider how we are able to innovate, how we are able to spend cash extra successfully and extra effectively.”
The board members had been chosen from dozens of nominees to assist information DOT’s method to overhauling freight and passenger transportation techniques and the way they’re funded.
“This crew can be important to executing President Donald Trump’s daring agenda to construct huge, lovely issues once more and I couldn’t be extra excited for what’s to come back,” Duffy remarked in a press launch earlier than the assembly.
The next advisory board members had been appointed for two-year phrases:
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Gregg Reuben (Chair), CEO, Centerpark.
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Steven Lefton (Government Chair), president and CEO, Kimley-Horn.
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Peter Bartek, founder and CEO, FTS Rail.
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Michael Capasso, CEO, C.A.C. Industries.
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Stephen Dickson, former administrator, Federal Aviation Administration.
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Todd Ehmann, senior worldwide captain, United Airways.
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David Horner, associate, Hunton Andrews Kurth LLP
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Brigham McCown, chair and founder, Alliance for Innovation and Infrastructure.
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Francis Sacr, principal, Lorne Infrastructure.
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Trent Morse, deputy assistant to the President.
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Mark Tedesco, CEO, Academy Bus.
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Robert Valentine, senior managing director, Macquarie Infrastructure Fund.
Click on for extra FreightWaves articles by John Gallagher.
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