Public-Private Partnership Act Passes Transportation Committee

Santa Fe, NM- HB 55, the Public-Private Partnership (P3) Act, which permits public and private institutions to partner to improve broadband and transportation infrastructure, cleared its first hurdle, passing the House Transportation, Public Works & Capital Improvements Committee today with a bipartisan 6-1 vote.

A key provision of President Biden's Infrastructure Act, public agencies and private investors in P3s share responsibility for financing, building, and maintaining infrastructure projects. P3s have been used to build infrastructure across America including highways, water treatment systems, courthouses, and arenas, creating and securing local jobs along the way. In New Mexico these partnerships will expand rural access to broadband, and make crucial infrastructure upgrades, including repairs to our bridges and highways. 

“With our unprecedented budget this year, we have the opportunity to make real and lasting investments in our infrastructure,'' said Representative Joy Garratt (D-Albuquerque). “The Public Private Partnership Act will help us accomplish improvements to our broadband, bridges and roads that will bring economic opportunity to all New Mexicans.” 

HB 55 is sponsored by Representatives Garratt, Patricia A. Lundstrom (D- Gallup), Cathrynn N. Brown (R-Carlsbad), Jane E. Powdrell-Culbert (R-Albuquerque), and Senator Roberto "Bobby" J. Gonzales (D-Taos). 

The Roundhouse is open to the public for the session. Proof of full COVID-19 vaccination will be required to enter the building. Members of the public can view floor sessions and committee meetings on the New Mexico legislature’s Webcasts tab, and provide comment via phone or Zoom as directed on the daily schedule.  

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