April 2022

In Defense of Value for Money Analysis

Robert W.Poole Jr. Director of Transportation Policy, Reason Foundation

As previously reported in Public Works Financing and elsewhere, the Bipartisan Infrastructure Law (aka IIJA) requires Value for Money (VfM) analysis (“or other comparable analysis”) in two circumstances:

  • for federally-aided projects costing $500 million or more proposed as P3s, and
  • for all projects costing $750 or more that plan to seek TIFIA or RRIF credit assistance.
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