Welcome to Yavapai Regional Capital
Those concerned about America's infrastructure have good reason: The American Society of Civil Engineers gave it a grade of "D" overall.
But "infrastructure" means many things. That's why we believe the details—the ASCE category grades—best underscore the urgency of this moment.
Our children drink D-minus water and attend D-rated schools. We trust our lives and theirs to D-minus levees, D-minus hazardous waste plants, and a D-rated aviation system. Our roads, bridges, stormwater control, and water and sewer systems are barely better.
How to fund the estimated $2.5–5 trillion required for infrastructure? Public-private partnerships (PPPs), which U.S. banks unwisely walked away from 20 years ago. Other options? Public finance—fueled by taxes, driven by politics, laden with pork, and today, a dry well.
PPPs outside the U.S. have helped drive nearly $2 trillion in infrastructure funding. They're institutionalized in successful economies in Europe, Asia, South America and elsewhere in North America. Data show that PPP projects finish sooner and cost less than those publicly financed. They also enable better projects, because engineers design to an ideal outcome, not to an inadequate, politically-driven budget.
PPPs can do the same here. The private and banking sectors have billions of idle dollars—and are hungry to invest in stable, long-term assets not based on property appreciation. Where better than infrastructure and jobs growth?
Unleashing the power of the private sector—our greatest asset—is imperative. YRC has the people, skills, and experience to help do so. Our team members have served at the highest levels of global finance, government and academia. Our collective track records amount to US$40 billion in successful project financing.
We can bring hands-on PPP experience— virtually nonexistent in the U.S. banking system today—back into play in every sector.
© 2009 "Yavapai Regional Capital"
Hoover Dam Bridge
Opened to motorists on October 19th and officially known as the Mike O'Callaghan-Pat Tillman Memorial bridge, this project is not a PPP but it is an important sign of connectivity between the U.S. Mountain States - YRC's geographical footprint
