Tuesday, July 22, 2014

Increasing Public and Private Collaboration with the Build America Investment Initiative

On July 17, 2014, the President signed a Presidential Memorandum to launch the Build America Investment Initiative, a government-wide initiative to increase infrastructure investment and economic growth by engaging with state and local governments and private sector investors to encourage collaboration, expand the market for public-private partnerships and put federal credit programs to greater use.  Starting with the transportation sector, this initiative will harness the potential of private capital to complement government funding.

As part of the Initiative, the Administration is launching the Build America Transportation Investment Center.  Housed at the Department of Transportation, this center will serve as a one-stop shop for state and local governments, public and private developers and investors seeking to utilize innovative financing strategies for transportation infrastructure projects.  This center will provide improved access to DOT credit programs, a "Navigator Service" for the public and private sectors to make DOT credit programs more understandable and accessible, technical assistance, and information to reduce uncertainty and delays.

The White House press release cites the Colorado FasTracks Project as a model for success.  

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