Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Wes Moore

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
2076 total appearances

Appearances Over Time

Podcast Appearances

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

Absolutely.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

Okay.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

And Secretary Duffy as well, who's actually been a very good partner.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

Yeah, and in fact, not only have we been working very closely with Secretary Duffy on it, yes, when I made the announcement that I was firing the other contractor because they weren't getting what my expectations were, Secretary Duffy then put out another note from the Department of Transportation basically echoing what we said and saying, I think the state of Maryland did the right thing.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

So this was something that it was both for

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

not just the state, but also the federal government came back and piggybacked and said this was the right thing.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

So for this bridge, the federal government and also I got to give credit to Congress and both Democrats and Republicans in Congress because they voted for the 100 percent cost share.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

And so what a 100 percent cost share is, it's essentially bridge financing.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

It's essentially saying, listen, you know, we know that this is going in litigation.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

And when and we know then when the litigation is is is settled, because even Lloyd's of London has indicated this is probably going to be the most expensive maritime tragedy in our nation's history.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

But what they know is I can't wait for that to be complete.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

So what the federal government is saying is that, listen, we're going to help to support it, but essentially we are going to do bridge financing.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

Once everything is settled, that money then comes back to the Treasury.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

But then the federal government on not just this project, but the federal government when it comes to most projects that take place around the country, they serve as the main underwriter because whether you're talking about roads or bridges or tunnels โ€“

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

No state has the resources to be able to take care of all infrastructure in your state alone.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

That support comes from Congress.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

That support comes from Washington.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

And so this, like other projects in the last round, came from Washington where they said, we are going to support because we think this project is important enough to be able to serve as an underwriter.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

He has been a very, very good partner.

PBD Podcast
Wes Moore: The Democrats Last Hope? | PBD #791

And only the third in American history.