News / Obama announces infrastructure plan to attract private capital

Obama announces infrastructure plan to attract private capital

🕔 February 20, 2013

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Obama's infrastructure plan calls for a Rebuild America Partnership that will attract private capital. The plan is composed of three lines:

  • Investing in a "fix-it-first" policy:  The President's plan will immediately invest $50 billion in our nation's transportation infrastructure, with $40 billion targeted to the most urgent upgrades and focused on fixing our highways, bridges, transit systems, and airports most in need of repair.
  • Attracting private investment through a "Rebuild America Partnership":  The President's plan will partner federal, state, and local governments with businesses and private capital to provide America with the best transportation, electric, water, and communications networks in the world.
  • Cutting red tape:  The President's plan will cut timelines in half for infrastructure projects and create incentives for better outcomes for communities and the environment through a historic modernization of agency permitting and review regulations, procedures, and policies.
 Visit the press release

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