It’s no secret that the U.S. infrastructure is in desperate need of repairs. In fact, there is $2 trillion worth of deferred maintenance in this country in roads, bridges, sewer systems, and water mains. President Obama recently announced the Build America Investment Initiative that will address many of the issues facing America’s infrastructure. Not only will repairs make the roads and bridges safer and more reliable for commuters and commerce, but it will support millions of jobs as well as create new ones.
According to the White House, it is a government-wide effort to increase infrastructure investment and economic growth. Cities and states will be able to partner with the private sector to fund infrastructure projects. This initiative will help cities and states apply for federal loans, get more public-private partnerships up and running and get more investment flowing into communities.
According to President Obama, the Build America Investment Initiative includes:
You can read more about this initiative by visiting the White House.