The Build America initiative, formed after the president announced a government-wide plan to increase infrastructure investment and economic growth, is aimed at offering education, technical assistance, project delivery and innovative policies for state and local governments, public and private developers, and investors.
“As part of [the initiative], we’re creating a one-stop shop for cities and states looking to partner with the private sector to fund infrastructure projects,” says President Barack Obama during an event in Wilmington, Del. “There are lots of investors who want to back infrastructure projects because, when it’s done right, they then get a steady, long-term investment.”
With the new Build America Transportation Investment Center at the Department of Transportation (DOT), customers can seek professional help for utilizing financial strategies for transportation infrastructure projects. DOT operating administrators are on call to offer advice, support, technical assistance and expertise on innovative financing and partnerships with the private sector.
“…Lots of states and local governments would welcome more private investment, but they need a partner in the federal government to help do some matchmaking and work through some of the complexities of private financing of infrastructure,” Obama continued. “So my administration is going to help states and cities apply for federal loans, get more public-private partnerships up and running and get more investment flowing into communities like Wilmington.”
