Project 2025 Tracker / What’s done, what’s next

19. Department of Transportation · Minor

Conduct regular cost-benefit analysis of federal infrastructure lending

Not started

623 19. Department of Transportation

“A cost-benefit analysis of the federal government’s potential replacement and disintermediation of the private financing sector regarding infrastructure loans, which is not currently performed, should be conducted on a regular basis.”

What has happened

  1. Not started

    No recurring cost-benefit analysis of federal infrastructure lending's displacement of private financing has been established. The one analytical requirement the Build America Bureau finalized in the window runs the other way round: its 2026-03-03 guidance implements the statutory duty on *project sponsors* to evaluate whether public-private partnership delivery is appropriate, including value-for-money analysis, and expressly imposes no new requirements. Nothing in it, or in the Bureau's 2026-04-23 loan-sizing proposal, commits the government to assess on a regular basis whether federal credit assistance is replacing private lenders.

Research log

What was searched, and what didn’t count as evidence

Research notes

  • The P3 guidance is attached because it is the only in-window instrument about analyzing federal infrastructure finance, and because a reader would otherwise assume nothing was examined. It is not the ask: the Quote wants the government’s disintermediation of private lenders analyzed regularly, and the guidance asks sponsors to analyze their own delivery model.
  • gao.gov was checked for a TIFIA/RRIF credit-subsidy review in the window; the search and product pages 403 to curl and WebFetch alike (recorded in source-apis.md), so a GAO report on this question, if one exists, is in the read queue rather than here.
  • Shares the pp. 622–623 Build America Bureau cluster with #1710, #1711 and #1712.
Action
create
Object
Cost-benefit analysis of federal infrastructure loan programs
ID
1713