HOUSE DEMOCRATS NEWS RELEASE
HB 55, the Public-Private Partnership (P3) Act, which would permit public and private institutions to partner to improve broadband and transportation infrastructure in New Mexico, passed the House today by a vote of 63 to 2.
A key provision of President Biden’s Infrastructure Act, public agencies and private investors in P3s share responsibility for financing, building, and maintaining infrastructure projects. P3s have been used to build infrastructure across America including highways, water treatment systems, courthouses, and arenas, creating and securing local jobs along the way. In New Mexico these partnerships will expand rural access to broadband, and make crucial infrastructure upgrades, including repairs to our bridges and highways.
“We have a tremendous opportunity to make infrastructure improvements all across New Mexico,” said Representative Joy Garratt (D-Albuquerque). “This will help us bring overdue infrastructure and broadband updates to the communities that need them most.”
HB 55 is sponsored by Representatives Garratt, Patricia A. Lundstrom (D- Gallup), Cathrynn N. Brown (R-Carlsbad), Jane E. Powdrell-Culbert (R-Albuquerque), and Senator Roberto “Bobby” J. Gonzales (D-Taos).