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February 24, 1993 | ROBERT W. STEWART and JEFFREY A. PERLMAN, TIMES STAFF WRITERS
Congress should spend up to $5 billion over the next five years to create a new corporation intended to help raise tens of billions of dollars of private capital for investments in toll roads and other money-making public works projects, a congressional commission said Tuesday.
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NEWS
February 24, 1993 | ROBERT W. STEWART and JEFFREY A. PERLMAN, TIMES STAFF WRITERS
Congress should spend up to $5 billion over the next five years to create a new corporation intended to help raise tens of billions of dollars of private capital for investments in toll roads and other money-making public works projects, a congressional commission said Tuesday.
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NEWS
February 24, 1993 | ROBERT W. STEWART, TIMES STAFF WRITER
Congress should spend up to $5 billion over the next five years to create a new corporation to help raise private capital for investments in toll roads and other moneymaking public works projects, a congressional commission said Tuesday. The federally chartered corporation would attract investors by offering insurance and in some cases financing for projects that might otherwise prove too risky to attract investments from pension funds and other private sources, commission members said.
NEWS
February 24, 1993 | ROBERT W. STEWART, TIMES STAFF WRITER
Congress should spend up to $5 billion over the next five years to create a new corporation to help raise private capital for investments in toll roads and other moneymaking public works projects, a congressional commission said Tuesday. The federally chartered corporation would attract investors by offering insurance and in some cases financing for projects that might otherwise prove too risky to attract investments from pension funds and other private sources, commission members said.
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