Obama asks Congress to pass $21 billion bill for infrastructure improvements
Wayne Grayson | April 2, 2013

obamainfrastructurespeechOn Friday, President Barack Obama proposed a $21 billion package of improvements for the country’s infrastructure, reports our sister site Better Roads.

The plan is to be part of the President’s budget April 10th and includes $10 billion for an infrastructure bank that would bring together public and private funding.

Also part of the plan is a $4 billion investment program that would help support the Transportation Infrastructure Finance and Innovation Act. TIFIA is a program intended to leverage private and nonfederal funding for regional and national projects through loans, loan guarantees and lines of credit.

Also included is a set of $7 billion in tax incentives to support state and municipal bonds for projects, including a measure to remove penalties on foreign investment in United States real estate and infrastructure projects.

construction boom cities of 2017 From our partners

There are no comments

Your email address will not be published. Required fields are marked *