A Connecticut Infrastructure Bank (CIB), owned and operated by the state, would leverage public investments by up to 10 times with private debt raised from institutional investors. Proceeds would be used to finance revenue-producing projects, including highway, bridge, railroad, and port projects. The CIB would build on the success of the CT Green Bank (CGB), which currently funds investments in clean energy. And the Green Bank’s mandate could be expanded to address other environmental infrastructure such as clean water, waste to energy and recycling, zero emission vehicle refueling (including buses), resiliency and microgrids, land conservation, brownfield redevelopment, etc.
This proposal would establish a funding platform to attract businesses, drive innovation, support a sustainable economy and create jobs.
Acknowledgements
Authored by
Melissa Kaplan-Macey
Vice President, State Programs & Connecticut Director
