President Obama has introduced the Rebuild America Partnership, which aims to bring together new and existing policies to encourage private investment in U.S. infrastructure.
As part of the plan, the president is proposing to enact a national infrastructure bank capitalized with $10 billion, in order to leverage private and public capital and to invest in a broad range of infrastructure projects; give state and local governments flexible new tools to invest in infrastructure, including the Build America Bonds program and the Foreign Investment in Real Property Tax; and allocate $4 billion in new competitive funding for the TIGER and TIFIA programs.
