BAF Applauds President Obama’s Call for $21 Billion in Infrastructure Investments - The President’s Announcement Includes $10 Billion for a National Infrastructure Bank, $4 Billion for TIGER Grants and TIFIA Program

WASHINGTON, DC – March 29, 2013 – Today Building America’s Future applauded President Obama for his speech on the importance of investing in the nation’s infrastructure at the Port of Miami. Building America’s Future made several recommendations in its recent report “Falling Apart and Falling Behind” that are in concert with what the President announced today, including creating a National Infrastructure Bank.

 

“I am very pleased that just days before the release of his budget, President Obama is reaffirming his support for critical infrastructure investment. Building America’s Future supports creating a National Infrastructure Bank to better leverage investments, as well as encourage public-private partnerships,” said former Pennsylvania Governor and co-chair of Building America’s Future, Ed Rendell. “I applaud his plan, but we all know our national infrastructure is in such poor shape that we will need even further investment for decades to come. The programs that the President outlined in Miami will create jobs, grow the economy and upgrade the roads and bridges that Americans rely on every single day. Our ability to stay competitive in the global economy depends on these investments.”

 

In the report ‘Falling Apart and Falling Behind,’ Building America’s Future advocated for several public-private investments as solutions to rebuilding America, including a creating National Infrastructure Bank and a commission to establish a long term national infrastructure plan.