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US Transportation Nominee: Use Private Money to Build Infrastructure

The incoming Trump administration is looking to “unleash the potential” of private investors to boost the national transportation networks that underpin the U.S. economy, the president-elect’s pick for transportation secretary, Elaine Chao, told lawmakers Wednesday. Economic gains are being jeopardized by aging infrastructure, rising highway fatalities, growing congestion and a failure to keep pace with emerging technologies, Chao testified before the Senate Commerce, Science and...

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