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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