President Obama has launched a program that aims to find ways to tap more private-sector dollars to help finance a wide range of U.S. infrastructure projects, but the plan doesn’t include any new federal spending.
The Build America Investment Initiative, which Obama kicked off in a July 17 memorandum to agency heads, consists of several modest, incremental actions, including what he called a new “one-stop shop” at the U.S. Dept. of Transportation to identify barriers to greater use of private transportation infrastructure investment and find ways to surmount them.