The President-elect has made infrastructure repair a key item on his agenda for the first hundred days.  Democrats and Republicans both recognize the necessity for repairing infrastructure. For years there has been agreement.  And nothing has happened.

In the US, a small bill was passed recently in which the US Federal Reserve undertook the financing.  Most people agree that the Federal Reserve is not the institution to look to for money.  They have come to be the dollar of the last resort.

So where else can financing come from.  Trump has suggested private-public partnerships in which tax incentives bring private money to project.  In some cases this may work.  But there are some projects, like buses and bus routes in poorer cities, that are never going to make money and nonetheless need repair. Private companies are not going to be attracted to these kinds of projects.

The good news is that Senator Charles Schumer of New York and former New York Mayor Michael Bloomberg want to see infrastructure repair go forward and have agreed to help figure out how to make this possible.