Tennessee Transportation Modernization Act advances public-private partnerships for infrastructure

The Tennessee Transportation Financing Authority Board convened on May 8, 2025, to discuss ongoing transportation projects and the implementation of the Transportation Modernization Act. The meeting began with an overview of the current status of various express lane projects, highlighting the advisory role of board members in these initiatives.

A key focus of the discussion was the introduction of public-private partnerships (P3s) as a resource for addressing transportation needs across the state. The board emphasized the importance of these partnerships in enhancing the efficiency and effectiveness of transportation infrastructure development in Tennessee.

As the meeting progressed, members addressed specific questions regarding the projects, with board member Ted providing insights and clarifications as needed. This collaborative approach aimed to ensure that all aspects of the transportation initiatives were thoroughly examined and understood.

The meeting concluded with a commitment to continue leveraging the Transportation Modernization Act to improve transportation systems in Tennessee, with further discussions planned to evaluate the progress of ongoing projects and explore additional opportunities for public-private collaboration.