Both Trump and Trudeau are enamoured with getting the private sector involved in public infrastructure projects. But analyzing value for money before deciding what to build, why to build it, how to build it and where to put it, they are putting the cart before the horse. Trudeau is pushing ahead with an Infrastructure Bank whose mandate is to “make […]

Trump and Trudeau might disagree on climate policy but they seem to agree on preferring public-private over government investment in infrastructure. Both want to build bridges between public and private infrastructure. Paul Krugman questions why the private sector needs to be involved at all. Trump’s infrastructure plan (extract with emphasis added): Leverage new revenues and work with financing authorities, public-private partnerships, and other […]