Last week, the White House released a Fact Sheet providing additional details on the President’s infrastructure plan outlined in his State of the Union address on February 12. In his speech, the President proposed a $50 billion investment in infrastructure, but noted that $40 billion of that amount would be directed towards repairing existing structures. He also called for the modernization of the federal review and permitting timelines for construction projects and the establishment of a “Partnership to Rebuild America” to attract private investment. The details released last week indicated that as part of this Partnership, the President is once again calling for the creation of a National Infrastructure Bank. He is also proposing a new “America Fast Forward” bonds program. The program would be similar to the the Building America Bonds (BABs) program under the American Recovery and Reinvestment Act (ARRA), but would broaden it to include similar programs like the qualified private activity bonds program and relax certain limitations. To attract more private capital, the President is also calling for the implementation of the newly expanded Transportation Infrastructure Finance and Innovation Act (TIFIA) program. 

Link: White House Fact Sheet