Mark Warner

They had plenty of warnings from Congress.

Whenever we get to the point where we say, that couldn't happen in America because of the processes we have set up, well, that is a very different America than I think either of us grew up in.

The idea of the National Infrastructure Bank really means it is one tool particularly for some of these larger, more expansive projects.

We need appropriate regulatory oversight, but sometimes this becomes a transaction cost that makes otherwise fundable projects not fundable.

The regulatory overhaul--the appropriate environmental reviews, other process reviews--becomes such an added transaction cost.

The Commonwealth of Pennsylvania has done some extraordinary things, but the real leader in public-private partnerships has been the Commonwealth of Virginia.

The only way we are going to maintain I-80 or I-95 through Pennsylvania or through Rhode Island is if we have the right to toll it.

Infrastructure, now becomes a competitive disadvantage vis-a-vis nations around the world.

I would like to thank the panel for their very good comments.

To ignore the needs of the electric grid, to ignore the needs of broadband... there has to be broadband buildout.

If we do not do something about infrastructure in this country, we are cooked as an economic power.

We have seen a 50 percent decline in infrastructure investment in America as a percentage of our GDP since the 1970s.

I think it's important to come back to one point that he made, because I think I've spent more time in business than I have in this line of work.

I would urge that, you know, this is one of a series of issues, PFC and an interesting debate...

I hope that would be part of the record as well.

Have--when the rating agencies put you on negative watch, did they consider the potential decrease of what you've estimated of 700,000 decrease in passengers annually at Dulles when they made that estimation?

$4.8 billion, that was build upon assumptions and representations that were made by the Congress about what the role of Dulles would be, correct?

I would like to reiterate my commitment to this important issue, and to commend my Virginia counterpart, Sen. Warner, for his many efforts.

So that would be an added factor on potentially downgrading of investments of the Commonwealth of Virginia, the local communities, and the Federal Government have made in jeopardizing the long-term viability of this bond rating with this…

I think it's timely and appropriate. I also want to echo all the good work you've both done.

I think we needed some level of compromise.

The other question I have is--have we seen any analysis, and I know this is one of the reasons why Senator Cardin and Senator Mikulski wanted to be here, but have submitted statements, of the potential harm done to BWI by the loss of…

So a fluctuation in 1 year up or down on traffic, you know, it can always be absorbed.

So, again, as we think about the fact that, you know, because of these added infrastructure investments, for example, like rail, one of the things I--it is sometimes a hassle in traffic to get to Dulles, let me agree with all my colleagues…

I think it's important that as we think about the--the $4.7 billion in additional construction at Dulles over the years?