President Barack Obama signed a presidential memorandum this month to expedite the development of major infrastructure projects. The memorandum advises federal agencies to reduce aggregate timelines for major infrastructure projects by half.
Obama announced that he had signed the memorandum during an appearance at Ellicott Dredges in Baltimore, where the initiative has sped up the approval process for the city’s Red Line rail transit corridor by six months.
“We’ve got to up our game when it comes to infrastructure,” Obama said, adding that the United States could lose out on key business opportunities if it fails to accelerate infrastructure projects.
